REG-Altyn Plc 3rd Quarter Results

AltyngoldAnnouncement

12/10/2021 07:00

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3rd Quarter Results

 

AltynGold Plc

("AltynGold" or the "Company")

Third quarter production results

AltynGold is pleased to announce its 3Q21 production results.

Highlights:


 * The quantity of contained gold increased by over 15.3% QoQ. Our team is
working on further improving the quantity of contained gold in the upcoming
quarters.

 * The Company maintained its positive momentum in production growth with mined
ore production up 11.2% QoQ to 149,998 tons. The annualized run rate achieved
during the quarter reached another milestone of ~600kt/year. Mined ore
production increased 2.6% with no technical interruptions.

 * Average grade improved 4.5% QoQ from 1.98g/t to 2.07g/t. The Company is
working on further grade improvement towards 2.2g/t over the coming quarters.

 * While facing headwind from declining gold prices, revenues were marginally up
on strong production dynamics.

 * The Company is actively continuing the development of Teren-Sai deposit. The
reserves estimate is currently being measured in accordance with the State
Reserves Committee of Kazakhstan, upon which the analysis will be forwarded to
the appropriate government body. This will enable the Company progress towards
its next phase of operations and start production at the Area No. 2 in 2024.

 * On COVID-19 update, even with the precautionary procedures required by the
local authorities, the Company had no interruptions on its production
operations or any other negative effect during the quarter. All operational
processes continued at a regular pace and the Company provides comprehensive
assistance in the voluntary vaccination of its employees. The health and
safety of our employees is the top priority of the Company.
                                      1Q21         2Q21         3Q21     
 Ore mined               tons         131,733      134,874      149,998  
 Contained gold          ounces       7,462        8,442        9,732    
 Ore milled              tons         132,834      129,910      133,291  
 Average gold grade      gr/tone      1.78         1.98         2.07     
 Gold poured             ounces       6,272        6,794        7,440    
 Revenue                 USD m        10.06        12.72        12.80    


Further Information:

For further information please contact:

AltynGold Plc

Rajinder Basra

+44 (0) 207 932 2455

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 Altyn Plc please visit our website www.altyngold.uk
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.altyngold.uk&esheet=52506950&newsitemid=20211011005646&lan=en-US&anchor=www.altyngold.uk&index=1&md5=78dc8b832ae8d83a66b71a6a0c816e49)
.



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Altyn Plc


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