Altyngold Share Discussion Threads

[stevea171] 05/12/2022 09:12

Production guidance for next year and 2024 is ???????????????????????????

[researchcentre123] 05/12/2022 09:08

Glad you checked that 1000 not 1m. I've cancelled my plans to take over Google....Anyway all good news today

[excellance] 05/12/2022 08:48

I wish..

Thousand not million?

[stevea171] 05/12/2022 08:43

Production of 1 million tpa should near double production. If grade and mill recovery remains the same this gives a gold output increase from 34k oz currently to approx 70k oz.

If grade mined is improved to near reserve grade then 100k oz pa gold.

yes, k.

[pensionplanner] 05/12/2022 08:21

Good news and mention of a sustainable dividend is what will set the market alight if/when it happens.

I believe the BoD know that whatever the financial results, if shareholders see no real gains, that its dividends or the near prospect of them that converts this from a very well run company to a very viable investment, where the share price could easily treble. Indeed on performance alone it's woefully undervalued.

"set the stage for a sustainable dividend policy"

[excellance] 05/12/2022 08:19

Ten trades between 8 and 8.02 then nothing...

I'm guessing there's no stock available again?

[stevea171] 05/12/2022 07:56

$64 million capex at Seki over 2 years incl $40 million Kazak Bank loan and $24 million own funds to increase production to 1 mtpa. No word on corresponding gold production target which is what investors are interested in.

$64 million is a huge amount. Enought to develop a new mine and processing plant in some places eg $39 million for Shanta's Singida mine and processing centre in Tanzania due to start production in 4 months.

05/12/2022 7:00am
UK Regulatory (RNS & others)

Altyngold (LSE:ALTN)
Monday 5 December 2022

AltynGold Plc ("AltynGold" or the "Company")

Receipt of an additional credit line from BCC and expansion at Sekisovskoye

AltynGold plc (the Company) is pleased to announce that an additional credit line for an amount of US$40m from Kazakh Bank JSC "Bank Center Credit" (BCC) has been successfully secured. The loans are repayable in instalments over a term of six and a half years with interest charges ranging from 3% to 7%.

The additional credit line together with the Company's own funds will be utilised to increase the production capacity of the underground mine and expand the capacity of the processing plant to 1mtpa. The expansion project total cost is US$64m.

The details of the use of proceeds are described below:

To increase the production capacity of the underground mine to 1mtpa

- acquisition of an additional amount of basic mining machinery and equipment:

-- underground dump truck AD-30 (30t) - 7pc;

-- LHD Cat R-1300 (3.1) - 7pc;

-- ring drilling rig Atlas Copco Simba K-102 - 2pc;

-- tunneling jumbo Atlas Copco Boomer S1D;

-- raise bore KPV-4A - 1 pc;

-- exploration drilling rig Atlas Copco Diamec U4 Smart.

- acquisition of auxiliary mining equipment that ensures efficient and safe mining operations:

-- main ventilation fan "Korfmann" - 1pc;

-- local ventilation fans VME-12 - 4pc;

-- special vehicles for delivering people to the mine - 3pc;

-- compressor 45 "Lupomat" -- 1pc;

-- other equipment: cleaning area scanner, inclinometer, Flygt BS downhole
pumps - 6pc, etc.

- reconstruction of the power supply at the mine and the implementation of an accident warning system and positioning of workers in the mine;

- draining the pit in order to reduce water inflow into the mine and ensure the safe operation of the pit's transport communications in winter;

- equipment and transport for moving ore and workers on the surface (25t Shacman dump truck - 6pc, ZL-50 loader -- 4pc, Bulldozer - SD - 32, JSB excavator, tanker, PAZ bus, etc.).

- to increase the ore processing capacity up to 1mtpa, the processing plant will be reconstructed.

To expand the capacity of the processing plant to 1mtpa:

- installation of an additional mill 4500x6000 for the first stage of grinding;

- acquisition of equipment and construction of a new crushing and screening complex (DSK) with 3 stages of crushing;

- expansion of the sorption department (installation of an additional 3 leaching tanks of 800 volumes each with full equipment);

- reconstruction of the desorption and electrolysis system in order to ensure the processing of 8 tons of activated carbon per day;

- implementation of a significant amount of construction and installation works (construction of buildings and structures, foundations, installation of equipment, etc.).

AltynGold's CEO Aidar Assaubayev commented:

"Securing the development funding at attractive terms, indicates our partners' confidence in the prospects of AltynGold. We are now in a position to implement the expansion plan towards 1mtpa production within two years in line with our strategic growth plan. Achieving this milestone will significantly increase shareholders value and set the stage for a sustainable dividend policy."

[tightfist] 05/12/2022 07:42

Yes, finally transformational news and confidence after several years waiting....

[quinan] 05/12/2022 07:41

This has got to get over the £ mark now nice bit at the end.

"Securing the development funding at attractive terms, indicates our partners' confidence in the prospects of AltynGold. We are now in a position to implement the expansion plan towards 1mtpa production within two years in line with our strategic growth plan. Achieving this milestone will significantly increase shareholders value and set the stage for a sustainable dividend policy."

[sleveen] 05/12/2022 07:33

Pleased with this news.

Removes the placing Bogeyman.

[chrisdgb] 05/12/2022 07:26

Nice clarity............

[sharekitchen1974] 05/12/2022 07:26

Great terms in todays markets, thumbs up from me, dividends even mentioned, looking forward to the future, will keep adding

[nevgroom] 05/12/2022 07:23

Good terms on the loan and (for Altyn) quite a comprehensive plan with outcomes - Very nice indeed

[palisz] 05/12/2022 07:04

AltynGold plc (the Company) is pleased to announce that an additional credit line for an amount of US$40m from Kazakh Bank JSC “Bank Center Credit” (BCC) has been successfully secured. The loans are repayable in instalments over a term of six and a half years with interest charges ranging from 3% to 7%.

[excellance] 01/12/2022 17:07

There's gold at $1800, silver at $22.50

[researchcentre123] 01/12/2022 12:01

https://uk.finance.yahoo.com/news/altyngolds-lon-altn-returns-heres-060007919.html. Quite positive I would suggest

[excellance] 01/12/2022 08:00

Gold and silver looking a little stronger today, silver particularly has had a decent run, and we mine silver too as a significant credit.

[palisz] 30/11/2022 16:09

I had a few emails back and forth in Sept. All fairly positive.

[1hughb] 30/11/2022 15:51

Why don't you give them a call? They were quite open I felt at the shareholders meeting to the 3 of us that turned up - I think a bit frustrated that they'd been stopped dealing with their broker as they were Russian, but I felt they'd get stuff worked out

[excellance] 30/11/2022 15:35

Has anyone been able to contact anyone at altyngold for a chat in the last year?

We did have that webinar a while back and they said they would improve communications, but they don't even bother tweeting.

I do think there's something going on in the background and I dont mean just the bank loan.

[excellance] 29/11/2022 12:18

Nice short film.