2 days ago
H1 2025 operational update
LONDON--(BUSINESS WIRE)--
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 and follow on X at @AltynPlc and on LinkedIn at AltynGold Plc.
