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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Altyngold Plc | LSE:ALTN | London | Ordinary Share | GB00BMH19X50 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
3.50 | 2.70% | 133.00 | 131.00 | 135.00 | 133.00 | 130.00 | 133.00 | 18,121 | 16:35:09 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 62.04M | 13.23M | 0.4841 | 2.69 | 35.53M |
TIDMALTN
AltynGold Plc
("AltynGold" or the "Company")
First quarter 2022 production update
AltynGold is pleased to announce its 1Q22 production update.
Highlights:
-- Revenues soared 42.9% yoy, the average gold price has increased from the prior period but a significant factor in the increase was the rise in output and grades achieved in the period. -- Despite severe weather conditions, the company was able to increase mining production by 2% yoy from 131.7kt to 134.5kt. -- Higher milled ore up 14% yoy and improved grades at 2.03g/t in 1Q22 versus 1.78g/t in 1Q21 resulted in 26% yoy increase in poured gold. The Company expects further grade improvement in the upcoming quarters following the purchase of new equipment. -- During 1Q22 the Company was not impacted by any COVID-19 related issues. While Kazakhstan authorities lifted restrictions, the management of the Company continues to closely monitor the situation. 1Q20 1Q21 1Q22 Ore mined tons 92,324 131,733 134,461 Contained gold ounces 4,376 7,462 8,841 Ore milled tons 92,909 132,834 151,431 Average gold grade gr/tone 1.49 1.78 2.03 Gold poured ounces 3,380 6,272 8,129 Revenue USD m 4.58 10.06 14.38
An update in relation to the annual results and details of the 2022 Annual General Meeting will be released shortly.
Further Information:
For further information please contact:
AltynGold Plc
Rajinder Basra
+44 (0) 203 432 3198
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.
Information on the Company
AltynGold Plc (LSE:ALTN) is an exploration and development company, which is listed on the main market segment of the London Stock Exchange.
To read more about AltynGold Plc please visit our website www.altyngold.uk
View source version on businesswire.com: https://www.businesswire.com/news/home/20220515005033/en/
CONTACT:
AltynGold Plc
SOURCE: AltynGold Plc Copyright Business Wire 2022
(END) Dow Jones Newswires
May 16, 2022 02:00 ET (06:00 GMT)
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