H1 2025 operational update
AltynGold Plc
("AltynGold" or the "Company")
H1 2025 Production and Operational update
Gold production up 44%, as Sekisovskoye processing achieves targeted run rate
London, 18 July 2025 - AltynGold (LSE:ALTN) is pleased to announce its production and operational update for the six months to 30 June 2025 ("H1 2025" or the "Period"). The Period delivered a 44% increase in gold production as it started to gain the full benefit of the processing plant upgrade at its primary Sekisovskoye asset.
Operational highlights
During H1 2025, AltynGold continued to scale production at the Sekisovskoye mine, achieving its targeted monthly mining run rate of 83Kt. Ore mined during the Period increased by 35% YoY to 451Kt, while ore milled rose by 62% to 453Kt. The commissioning of the third processing line and further infrastructure improvements during the second quarter supported this consistent growth in volumes.
Gold poured totalled 28,081oz in H1 2025, a 44% increase from H1 2024 (17,413oz). Gold sold during the period totalled 22,595oz (H1 2024: 17,247oz). The average gold grade processed remained steady at 2.04g/t, with a recovery rate of 84.75%, in line with the first quarter.
A strong production performance contributed to a sharp increase in revenue, which rose to $70m during the Period, up 84% from H1 2024 ($38 million). This was supported by a 39% YoY increase in the average realised gold price, which rose to $3,098/oz.
The Company remains on track to achieve its full-year production target of 50,000oz. With the new processing line fully operational, the targeted mining run rate of 83Kt per month has been reached, and output is increasing in line with expectations. The strong operational performance in the first half provides a strong base for continued delivery in the second half of the year.
Production and operational figures for the period
UoM
H1 2025
H1 2024
Growth,
± %
Year 31.12.2024
Ore mined
tons
450,578
334 101
+34.9
750 045
Gold grade - mined
g/ton
2.03
2.15
-0.06
2.10
Contained gold
ounces
29,284
23 045
+27.1
50 739
Ore milled
tons
452,593
279 251
+62.1
593 612
Gold grade
g/ton
2.04
2,30
-11.1
2.29
Contained gold
ounces
29,595
20,589
+43.7
43 644
Gold poured
ounces
28,081
17,413
44.0
37 279
Recovery
%
84.75
84,57
+0.02
85.4
Gold sold
ounces
22,595
17,247
+31.0
38 708
Av. realised price
$/ounce
3,098
2,226
+39.0
2 441
Revenues
US$m
70.0
38.0
+84.0
94.5
Safety metrics
Cases
-
-
-
-
Expand
Sustainable operations
No lost-time incidents or operational stoppages were reported during this Period. The Company continues to conduct regular safety audits and drills in cooperation with local authorities and emergency services.
As part of its ongoing ESG initiatives, the Company signed a collaborative research agreement in June 2025 with Hokkaido University of Japan under the Next-Generation Smart Mining+ for Sustainable Resources Development programme.
The research will run through to 2030, aiming to improve operational efficiency by introducing real-time data collection and wireless communication systems across the mine. The agreement also includes technical and leadership training for employees, with modules delivered both in Kazakhstan and Japan, in partnership with Nazarbayev University in Astana.
AltynGold CEO Aidar Assaubayev commented:
"We are pleased to report another strong period of growth, with our enhanced processing capacity driving a significant increase in production.
Management and staff remain focused on delivering on our ambitious production targets for the year, while continuing to develop AltynGold into a significant multi-asset mining company for the benefit of all shareholders.'
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 Regulation (EU) No. 596/2014, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.
Information on the Company
AltynGold Plc (LSE:ALTN) is an exploration and development company, which is listed on the Main Market of the London Stock Exchange.
To read more about AltynGold please visit our website www.altyngold.uk and follow on X at @AltynPlc and on LinkedIn at AltynGold Plc.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
TechCrunch
15 minutes ago
- TechCrunch
ServiceNow's acquisition of Moveworks is reportedly being reviewed over antitrust concerns
In Brief ServiceNow's acquisition of enterprise AI startup Moveworks is reportedly drawing regulatory scrutiny. The acquisition is currently under review for antitrust by the U.S. Justice Department, according to Bloomberg, which cited sources familiar with the matter. The probe began in June, Bloomberg reported, and both companies have since received a 'second request' calling for additional information that has to be provided before the deal can move forward. ServiceNow announced it was acquiring Moveworks for $2.85 billion in March. At the time, ServiceNow predicted the deal would close in the second half of 2025. Moveworks declined to comment. TechCrunch has reached out to ServiceNow for more information and will update the article if the company responds.
Bloomberg
16 minutes ago
- Bloomberg
Netflix Shares Fall Despite Earnings Beat
Bloomberg's Ed Ludlow discusses Netflix earnings as the company's shares fall. Plus, the CFO of Taiwan Semiconductor Manufacturing discusses the company's $165 billion US expansion plan. And defense tech startup Hadrian closes a $260 million Series C funding round led by Founders Fund. (Source: Bloomberg)
Bloomberg
16 minutes ago
- Bloomberg
Stock Movers: Charles Schwab, Robinhood, Humana
On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Vonnie Quinn, Tim Stenovec and Isabelle Lee. - Charles Schwab (SCHW) shares climbed after the company reported second-quarter earnings that topped estimates as client assets hit a new record and trading revenue increased. Schwab posted adjusted earnings per share of $1.14 while total client assets climbed 14% to $10.76 trillion compared to the same period last year, according to a statement. Revenue from client trades also jumped 23% to $952 million. 'Retail investors and RIAs continued to turn to Schwab as a trusted partner, opening over 1 million new brokerage accounts,' said Chief Executive Officer Rick Wurster. Daily average revenue trades just narrowly topped analyst forecasts at 7.57 million in a quarter characterized by market turmoil from President Donald Trump's tariff and policy changes. The firm attracted $73.6 billion in total net new assets, which was below analyst expectations. - Robinhood (HOOD) shares rose along with the broader crypto space as President Donald Trump signed key crypto legislation into law. The President signed the first federal bill to regulate stablecoins, hailing it as a 'giant step to cement American dominance of global finance and crypto technology' and delivering a major victory for the digital asset industry. 'The Genius Act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollar-backed stablecoins,' Trump said Friday at a White House ceremony. 'This could be perhaps the greatest revolution in financial technology since the birth of the internet itself.' The measure sets regulatory rules for US dollar-backed stablecoins, including a requirement for firms to hold dollar-for-dollar reserves in short-term government debt or similar products overseen by state or federal regulators. Advocates see it as allowing for the broader adoption of digital assets in finance. - Humana (HUM) shares fell after it lost a lawsuit seeking to reverse cuts to its Medicare bonus payments, a blow for the insurer that had hoped the court would restore billions in revenue. A Texas judge ruled in favor of a government motion to dismiss the case, allowing a downgrade of Humana's Medicare quality ratings that's set to squeeze the company's profits in 2026. Humana shares dropped as much as 7.5%. The judge called Humana's federal court claim 'premature' because the company hadn't exhausted all the administrative procedures over the decision. The lawsuit was dismissed 'without prejudice,' which means Humana could file the court case again. 'Plaintiffs can seek review, just not until the end of the administrative appeal process,' the judge wrote.
