REG-AltynGold Plc 3rd Quarter Results

AltyngoldAnnouncement

Mon 07:00

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3rd Quarter Results

 

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 annual production target of 50,000 ounces of gold.

Operational and Financial Highlights

AltynGold delivered strong operational and financial performance during the
third quarter of 2025, driven by continued growth at its Sekisovskoye mine.
Ore mined surged 16% year-over-year (YoY) to 239 kt, bringing the year-to-date
(YTD) total to 689 kt – a 28% increase compared to the same period in 2024
(Q3 2024: 540 kt). Ore milled also rose by 53% YoY to 256 kt, respectively,
higher than ore mined in the quarter due to inventory being available from
previous periods.

Gold production continued its upward trajectory, with YTD output reaching
39,395 ounces, a 41% increase over 2024. For the quarter, gold poured totalled
14,314 ounces, up 36% YoY, supported by steady gold and recovery rates of 2.05
g/t and 84.71% respectively.

Sales performance was equally robust, with 36,515 ounces sold during the
period (Q3 2024: 27,358 oz). Combined with a favourable pricing environment
averaging $3,363 per ounce, this drove quarterly revenue up by 89% YoY to
US$46.8 million, bringing the YTD total to US$116.5 million.

Operational Review

The board is in the early stages of evaluating plans to expand Sekisovskoye's
current 1Mt processing capacity to potentially achieve 2Mt-2.5Mt within 24
months. This is subject to ongoing detailed technical, engineering, and
financial analysis, with a Board decision expected in H1 2026. The estimated
cost of expansion would be approximately US$125m, which the Company’s strong
cash generation would support. This near-term expansion is part of
AltynGold’s medium-term goal to reach an annual production target of 100
koz.

At Teren-Sai, exploration works continued during the period in line with the
agreed work programme, with 9,985 meters actually drilled. While the
exploration licence runs until March 2026, the Company remains confident of
securing a full mining licence during 2026, paving the way for future
development initiatives. Further updates will be provided in due course.

Production and operational figures for the period
                     UoM      Q3 2025  Q3 2024  Growth, ± %   Year to date 2025  Year to date 2024  Growth, ± %   Year 31.12.2024  
 Ore mined           tons     238 651  206 199  16%           689 229            540 300            28%           750 045          
 Gold grade          g/ton    2,07     2,09     -1%           2,04               2,13               -4%           2,10             
 Contained gold      ounces   15 881   13 899   14%           45 165             36 944             22%           50 739           
 Ore milled          tons     255 979  167 343  53%           708 572            446 594            59%           593 612          
 Gold grade          g/ton    2,05     2,30     -11%          2,04               2,30               -11%          2,29             
 Contained gold      ounces   16 898   12 347   37%           46 494             32 936             41%           43 644           
 Gold poured         ounces   14 314   10 490   36%           39 395             27 903             41%           37 279           
 Recovery            %        84,71%   84,96%   0%            84,73%             84,72%             0%            85.4             
 Gold sold           ounces   13 920   10 112   38%           36 515             27 358             33%           38 708           
 Av. realised price  $/ounce  3 363    2 451    37%           3 192              2 302              39%           2 441            
 Revenues            US$m     46,81    24,79    89%           116,54             62,99              85%           94.5             
 Safety metrics      Cases    -        -                      -                  -                  -             -                


Safety and sustainability

The Company delivered another quarter of no mine accidents or stoppages at its
production site. We continue to enhance our knowledge and skills and regularly
introduce trainings for all staff to reduce any risk associated with safety at
the mine site and prevent hazardous situations.

As part of the Smart Mining + project, undertaken with the support of the
Japanese government and Hokkaido University, which will run until 2030, the
Company has welcomed the first group of Hokkaido University’s senior staff
at Sekisovskoye mine in early September 2025 for sample collections and
underground site visits.

Investor presentation

An updated corporate presentation has been uploaded at
https://altyngold.uk/news-and-media/
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Faltyngold.uk%2Fnews-and-media%2F&esheet=54345305&newsitemid=20251027407129&lan=en-US&anchor=https%3A%2F%2Faltyngold.uk%2Fnews-and-media%2F&index=1&md5=69862f8c61f4cece3274cc2f6c4f03c2)
.

AltynGold CEO Aidar Assaubayev commented:

“AltynGold has delivered another quarter of strong performance, underpinned
by steady production growth and a solid financial position. With Sekisovskoye
operating at full capacity, we are well on track to meet our 2025 production
target of 50,000 ounces.

The Company is entering an exciting new phase of development as we evaluate
the next stage of expansion to further increase output and strengthen our
position as a leading gold producer in Kazakhstan.”

Further Information:

For further information, please contact:

AltynGold Plc

Rajinder Basra

+44 (0) 203 432 3198

Hudson Sandler LLP (Public Relations)

Charlie Jack

Kristina Gaysina

+44 (0)207 796 4133

altyngold@hudsonsandler.com (mailto:altyngold@hudsonsandler.com)

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
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AltynGold Plc


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