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3rd Quarter Results

LONDON--(BUSINESS WIRE)-- 

AltynGold Plc
("AltynGold" or the "Company")
Third quarter 2022 production update

AltynGold is pleased to announce its 3Q22 production update.

Highlights:

Ore mined normalised from the strong level achieved in 2Q22, while ore milled was in line with the average over 1H22 as the Company utilised its stockpiles to supply the processing plant.

Gold production at 8,799oz remained at the strong level achieved in 2Q22, supported by improving grades which increased to 2.11g/t.

Despite supportive operational dynamics, revenues declined quarter on quarter due to a lower average selling price of gold. The expectation for the reminder of the year is that the gold price will fluctuate around the current levels of around US$1,700oz.

 

 

1Q22

2Q22

3Q22

Ore mined

tons

134,461

142,937

131,204

Contained gold

ounces

8,841

9,510

9,144

Ore milled

tons

151,431

155,168

153,560

Average gold grade

gr/tone

2.03

2.09

2.11

Gold poured

ounces

8,129

8,836

8,799

Revenue

USD m

14.38

17.57

14.72

 

Further Information:

For further information please contact:

info@altyn.uk

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

Category Code: QRT
Sequence Number: 1022623
Time of Receipt (offset from UTC): 20221109T165610+0000

Contacts

AltynGold Plc

AltynGold Plc

LSE:ALTN
Release Versions
English

Contacts

AltynGold Plc

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