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Ariana Resources Sells Legacy Interest in Kiziltepe Sector in Turkey for $3.7 Million

MT Newswires·07/31/2026 06:09:05
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06:09 AM EDT, 07/31/2026 (MT Newswires) -- Ariana Resources (AAU.L) said Friday it sold its 9.9% legacy interest in the Kiziltepe Sector in Turkey to Proccea Construction for $3.7 million in cash. The mineral exploration and development company also received $800,000 from Zenit Madencilik, which is operated by Proccea with a 27.7% interest, to fully settle an outstanding intercompany debt. Ariana continues to hold a 9.9% stake in Zenit.