9,312.12 TL BIST 100 BIST 100
4.33 CNY CNY CNY
31.01 $ USD USD
€33.67 EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.40 TL Interest Interest
83.33 $ Fossil Oil Fossil Oil
22.96 $ Silver Silver
3.88 $ Copper Copper
117.35 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,022.47 TL Gold (gr) Gold (gr)

A gold reserve worth 1.2 billion dollars was found by Koza Altın

Making a statement on the Public Disclosure Platform, Koza Altın stated that as a result of the searches, a gold reserve of 1.2 billion dollars was reached. Koza Altın, which is under the management of SDIF, is also traded on Borsa Istanbul.

A gold reserve worth 1.2 billion dollars was found by Koza Altın

In the 2022 National Mineral Resource and Reserve Reporting Commission (UMREK) report published by Koza Altın on March 31, 2023, it was announced to the public that although 206 thousand ounces of gold was produced during the year, the current reserve increased by 154 thousand ounces.

In addition, as a result of the ongoing work in the Kayseri Kaşköy project, 614 thousand ounces of gold potential was expressed as a new discovery resource in the 31 March 2023 UMREK report. With ongoing studies, it is estimated that this resource will increase and its market value may reach approximately 1.2 billion dollars.

The discovery is expected to start production in 2024 and contribute to the balance sheet. After the gold reserve in question is extracted from the ground, it will be processed in the Himmetdede facilities in Kayseri.

In addition to these developments, Koza Altın Operations continues uninterrupted drilling and research activities in nearly 200 licensed and purchased mining sites in order to add to its existing reserves.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

TÜİK announced the employment index for 2023

Thursday, February 22, 2024

The active sector is waiting for a solution to the deferred VAT problem

Thursday, February 22, 2024

Egypt's Suez Canal revenue plummets amid regional turmoil

Tuesday, February 20, 2024

Samail industrial city: Driving growth and investment in Oman

Tuesday, February 20, 2024

Minister Bolat: Foreign trade deficit decreased to 6.2 billion dollars in January

Monday, February 19, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now