Altyngold Share Discussion Threads

[tim000] 15/7/2024 07:20

Good result - especially improving grades and recovery rates. If sustained, that should have a significant impact on revenues given the rising pog and higher production from Q3 onward.

[palisz] 15/7/2024 07:04

AltynGold is pleased to announce its 1H24 production update.

Revenues for 1H24 increased 37% YoY to US$38.0m primarily on stronger sales which expanded 21% YoY to 17,247oz (1H2023: 14,284oz). The average selling price also increased 14% YoY to $2,203/oz (1H23: US$1,939/oz) in line with positive momentum in gold price globally.

Production volumes in 1H24 were broadly maintained while the processing plant upgrade is being finalised (completion expected in 3Q24). Compared to 1Q24, volume growth was strong with mined and milled ore up 16% and 15% QoQ from 154,8kt and 129.7kt respectively.

Gold grade increased to 2.30g/t. The improvement is driven by positive mix effect from accumulated stock piles as well as grade recovery from underlying operations which increased to 2.15g/t from 1.94g/t in 1H23 and 2.08g/t in 1Q24. Grade improvement and higher recovery rate resulted in 20% YoY growth in gold poured to 17,413/oz.

[tim000] 14/7/2024 11:22

Yelzhan Assaubayev has an active Twitter account and tweets a lot about copper and gold. Maybe the son of either the late Baurzhan or of Aidar??

[dofmeister] 14/7/2024 11:15

Yes, owned by 100% subsidiary of Altyngold

[tim000] 14/7/2024 11:10

If I understand this correctly, it’s an SPV (or Bidco) owned by Altyn for the purpose of making acquisitions?

[dofmeister] 14/7/2024 10:57

Newly formed BidCo ? Shareholders appear to be the owner and operator of Seki. Set up by relative (son / brother?)

Yelzhan Assaubayev is currently the Chief Executive Officer & Executive Director at Kazakh Steel Plc and the Executive Director at MM Petroleum Plc since 2022.
He was previously the First Deputy Chief Executive Officer at AltynGold Plc from 2015 to 2019.

[goldrush] 12/7/2024 14:11

Chart now looks perfect for the next upleg to start....IMHO....news will probably do it.

[excellance] 11/7/2024 19:37

Unless the reason gold is ever higher is total war with Russia, then Kazakhstan is in a very tricky location.

My thoughts are that we are indeed heading for a major conflict and if it goes too far then we're all dead anyway, but if they can grasp common sense and come to a locally agreed resolution then it's game on for gold as other realities, like national debt, come back into focus.

[gizmohican] 11/7/2024 18:11

Gold is certainly starting to go….. everything building up really nicely to help push our share price to much higher and fairer levels

[bsg] 11/7/2024 16:01

No buyers.

[excellance] 11/7/2024 15:49

It doesn't make a lot of sense that ALTN would drift lower with the gold price as it is and with the expected improvements at Seki, tho as stated a week or two back the chart looked a little topsy...but we know why.

[excellance] 11/7/2024 15:41

Gold is off the chart today, as bonds offer lower expected yields and equities threaten to crash, and don't forget NATOs invasion of Russia with China next!

[louie2010] 11/7/2024 14:13

3% . 3.1 expected so good news to all us clowns here .

[louie2010] 11/7/2024 14:11

Gold on the up must be good us inflation figures.

[dofmeister] 10/7/2024 23:52

Some leeway...extension to a repayment holiday on a US$10m loan from the bank extending the period from May 2024 to commence repayments in January 2025

[tim000] 10/7/2024 18:13

Maybe, can’t rule that explanation out. We don’t have the information available to distinguish between the competing explanations.

[excellance] 10/7/2024 18:08

In Q1 revenues were $175,000 per day, so it is easy to see how quickly any disruption to production could turn profit into loss and need back filling.

Longer term the work done will easily pay for itself.

[sloppyg] 10/7/2024 16:06

Thinking about the $10m bond a bit more. I suspect it effectively covers the gap between cash generated from ops - finance costs - capex budget.

They are due to repay $18m of the bank loan in FY24 plus interest costs on servicing all the debt. They also have a capex budget of $18m for the year although some of this is covered by their prepayment model.

Either way with only $5m cash on hand at start of the year it is easy to see how there will be a shortfall until the expansion is fully operational; so instincts are this first $10m tracnhe is simply working capital and nothing more exciting.

The remaining $90m is a different matter however !

[nevgroom] 10/7/2024 14:58

Gold looking to have another nibble at $2400

[gizmohican] 10/7/2024 13:38

Yip 100m would be a good start

[goldrush] 10/7/2024 10:06

R123

$100m would be a start !!

[researchcentre123] 10/7/2024 08:47

I'll be happy with a billion in 10 years (and no dilution.....) Still I wouldn't object to 10.......

[excellance] 09/7/2024 17:47

It may well take ten years to achieve a £10 billion mkt cap, but every journey starts with a first step.

The timing is perfect here after a decade of surviving and preparing to develop, but now development is well under way with nice profits of tens of millions of dollars coming out way.

[bsg] 09/7/2024 15:37

Another 10 years or so should do it. Come back then and see.