Auriant Mining AB (publ) published twelve months to 2016 operational update. Total 2016 gold production, including gravitational plant production, was on target and increased by 31% to 1,078 kg (34,669 oz), compared to 823 kg (26,468 oz) in 2015. Tardan gravitational plant produced 145 kg (4,657 oz) of gold, an increase of 60% compared to 2015 – 55 kg (1,754 oz). Heap leach production at Tardan increased by 28% to 933 kg (30,011 oz), compared to 727 kg (23,372 oz) in 2015. Gold grade in the ore mined in 2016 was 4.04 g/t, a 33% increase on that achieved in prior period (3.03 g/t). In 2016, the drilling programme at the Pravoberezhny deposit within Greater Tardan area was completed. A preliminary estimate of additional resources discovered during this drilling campaign amounts to 4.2 tonnes of gold with an average grade of 3.31 g/t. Auriant has completed a resourse estimate of the Kara-Beldyr deposit in accordance with JORC. Total gold resources (both indicated and inferred) amounts to 25.6 tonnes of gold.

The company forecasts gold production for 2017 is 1 tonne.