In a strategic move that underlines Chaarat Gold's commitment to optimizing its portfolio, the international gold mining company has reached a definitive agreement with Gold Mining LLC to divest its subsidiary, CJSC Kapan This subsidiary boasts ownership of the renowned Kapan gold-polymetallic mine, a cornerstone of Chaarat Gold's operations The sale, marked by its forward-looking nature, is set to reshape the dynamics of the gold mining landscape and cement Chaarat Gold's position as a visionary industry leader
A Transformative Transaction for a Prosperous Future
At the heart of this transformative transaction lies the buyer, Gold Mining LLC, which currently oversees the operations of the esteemed Lichkvaz mine located within the Armenian terrain The Lichkvaz mine has consistently supplied high-quality ore to the Kapan plant, facilitating seamless processing operations
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