Auriant Mining AB (publ.) publishes 12m 2023 operational update

Highlights:

• In 12m 2023, hard rock gold production amounted to 648.3 kg (20,844 oz), compared with 771.5 kg (24,805 oz) in 12m 2022, a decrease of 16%, or 123.2 kg (3,961 oz);
• Alluvial gold production by a third party mining contractor at Staroverinskaya amounted to 20.0 kg (642 oz), compared with 8.6 kg (278 oz) an increase of 131%, or 11.3 kg (364 oz).
• In 12m 2023, total gold sales were 603.9 kg (19,415 oz), compared with 882.2 kg (28,364 oz) in 12m 2022, a decrease of 278.4 kg (8,949 oz), or 32%;
• 416,986 tonnes of ore with average grade of 1.75 g/t were processed through the CIL plant compared with 413,323 tonnes in 12m 2022, an increase of 1%, or 3,663 tonnes
• The average grade during 12m 2023 was 1.75 g/t, compared to 2.04 g/t in 12m 2022, a decrease of 14%;
• 235,670 tonnes of ore were mined in 12m 2023, compared with 355,310 tonnes in 12m 2022, a decrease of 119,640 tonnes or 34%. Stripping volume amounted to 2,190,900 m3 (-5,400 m3, or 0.2% less than in 12m 2022);

The Company predicted 630 – 670 kg of gold produced in 2023 with the actual gold production at 668.3 kg.  The Company’s targets were fulfilled.

 Total Gold Production

Production unit	12m 2023		12m 2022		Change
	kg	oz	kg	oz	kg	oz	%
Hard rock
Tardan (CIL)	648,3	20 844	771,5	24 805	-123,2	-             3 961	-16%
Alluvial
Staroverinskaya	20,0	642	8,6	278	11,3	364	131%
Total gold produced	668,3	21 486	780,2	25 082	-111,9	-             3 597	-14%