REG-AltynGold Plc 3rd Quarter Results

AltyngoldAnnouncement

10/11/2022 07:00

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3rd Quarter Results

 

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 (mailto: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
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.altyngold.uk&esheet=52965435&newsitemid=20221109005857&lan=en-US&anchor=www.altyngold.uk&index=1&md5=aad60d150fecdf9512c67bc13febf5c7)



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AltynGold Plc


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