-

Altyn Plc - Production update

LONDON--(BUSINESS WIRE)-- 

16 March 2020

Altyn Plc

("Altyn" or the "Company")

Production update

Altyn Plc is pleased to announce that significant progress has been achieved in the acquisition of mining equipment following the recent debt raising by the Company.

In summary the following major items of equipment have been delivered to the mine site at Sekisovskoye during 2020:

- Front-end loader ZL 50G

- Dump truck 25 t Chacman

- Material Handling Trucks CAT R1300 - 3 units

- Underground haulers CAT AD30 - 3 units

In addition to the above the following equipment is on order with an expected delivery date in May 2020, this includes the following:

- Face drilling rig Atlas Copco T1D

- Ring drilling rig Atlas Copco T1D

- Exploration Drilling Rig Atlas Copco Diamec U4

With the current equipment now on site production has been steadily increasing with a monthly run rate of 29,000t being achieved in February, (February 2019: 10,185t) a significant increase from the prior year.

Production is budgeted to further increase once the second batch of equipment is received in May 2020, with management targeting to increase the run rate to approximately 45,000t a month in Q4 2020. The Company will release further updates as plans progress.

Further Information:

For further information please contact:

Altyn Plc

Rajinder Basra

+44 (0) 207 932 2456

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

Altyn Plc (LSE:ALTN) is an exploration and development company, which is listed on the standard segment of the London Stock Exchange.

To read more about Altyn Plc please visit our website www.altyn.uk

Category Code: MSCL
Sequence Number: 694276
Time of Receipt (offset from UTC): 20200313T135655+0000

Contacts

Altyn Plc

Altyn Plc

LSE:ALTN
Release Versions
English

Contacts

Altyn Plc

More News From Altyn Plc

AltynGold Plc UK Regulatory Announcement: Investor presentation

LONDON--(BUSINESS WIRE)--  AltynGold Plc ("AltynGold" or the "Company") Investor Presentation AltynGold (LSE:ALTN), an established precious metals producer operating in Kazakhstan, is pleased to announce the publication of an updated corporate presentation on its website, in line with the Company’s strategy of enhanced shareholder engagement. The presentation provides an overview of the Company’s operational and financial performance to date, growth strategy, and key priorities for the next pha...

AltynGold Plc UK Regulatory Announcement: 3rd Quarter Results

LONDON--(BUSINESS WIRE)--  AltynGold Plc ("AltynGold" or the "Company") Q3 2025 Production and Operational update AltynGold (LSE:ALTN), an established precious metals producer operating in Kazakhstan, is pleased to announce its production and operational update for the nine months to 30 September 2025 ("Q3 2025" or the "Period"). Since the start of the year, AltynGold’s flagship Sekisovskoye processing plant has operated at expanded capacity, keeping the Company firmly on track to meet its 2025...

AltynGold Plc UK Regulatory Announcement: Directorate change

LONDON--(BUSINESS WIRE)--  AltynGold Plc ("AltynGold" or the "Company") Directorate Change Appointment of Chief Financial Officer AltynGold (LSE:ALTN), an established precious metals producer operating in Kazakhstan, is pleased to announce the appointment of Maryam Buribayeva as Chief Financial Officer with immediate effect. Maryam is a finance professional with extensive experience across the natural resources and property sectors, having held senior roles at North Caspian Operating Company, K...
Back to Newsroom