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Ariana Resources (LSE:AAU) Credit Losses Provision


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What is Ariana Resources Credit Losses Provision?

Credit Losses Provision only applies to banks.


Ariana Resources (LSE:AAU) Business Description

Traded in Other Exchanges
Address
45 King William Street, 2nd Floor, Regis House, London, GBR, EC4R 9AN
Ariana Resources PLC involves in the acquisition, exploration, and development of gold and technology metals in Turkey and Australia. The company along with its subsidiaries focuses on the Red Rabbit Gold Project located in western Turkey and has the Salinbas,Tavsan, Ivrindi and other projects. The group currently identifies one division as an operating segment: mineral exploration. The activities for this operating segment are as follows: Mineral exploration: incorporates the acquisition, exploration and development of mineral resources. Reconciling items include non mineral exploration costs and transactions between Group and associate companies. Its geographical segments include the United Kingdom and Turkey.