REG-AltynGold Plc 1st Quarter Results

AltyngoldAnnouncement

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1st Quarter Results

 

AltynGold Plc

("AltynGold" or the "Company")

Q1 2026 Production and Operational update

AltynGold (LSE:ALTN), a leading exploration and development gold miner
operating in Kazakhstan, is pleased to announce its production and operational
update for the three months to 31 March 2026 ("Q1 2026" or the "Period").

Production and revenues

Q1 2026 was another strong operational quarter for AltynGold. Ore mined
(213kt) and milled (235kt) reflected a 2% and 15% year-over-year (YoY)
increase, respectively, underscoring robust productivity at the Sekisovskoye
mine.

Gold sold surged 29% YoY to 11,532 ounces, driving a 122% YoY revenue increase
to US$56.3 million, supported by higher sales volumes and strong gold prices.

In Q1 2026, AltynGold executed planned mining of upper horizons (5-5 and 6-8)
to address a vertical gap in its main ore bodies, which temporarily impacted
the average mined grade from 2.04g/t to 1.73g/t. This work was completed in
April, and gold grades have since returned to normal levels, consistent with
the 2026 mine plan.

With stable production, improved grades, and strong gold prices, AltynGold
remains confident in its outlook for the remainder of 2026. The Company is
focused on delivering operational targets while advancing medium-term
expansion plans to increase processing capacity at Sekisovskoye.

Operational upgrade

During the period, AltynGold strengthened its operational infrastructure at
Sekisovskoye, launching a new on-site laboratory in April. Equipped with
modern analytical tools and staffed by 35 professionals, the lab expands
in-house testing capabilities, improving turnaround times and supporting
data-driven decision-making across production, grade monitoring, and
processing efficiency.

Sekisovskoye Growth Plan

Following the December 2024 upgrade, the processing plant now operates at its
maximum capacity of 1Mtpa. AltynGold is advancing plans for a second-stage
expansion to 2Mtpa and expects to update the market in the coming months.

Gold production and operational figures for the period
                     UoM        Q1 2026  Q1 2025  Growth, ± %   Year 31/12/25  
 Ore mined           tons       212,595  208,216  +2.10         926,422        
 Gold grade          g/ton      1.73     2.04     -15.20        2.06           
 Contained gold      ounces     11,792   13,653   -13.63        61,270         
 Ore milled          tons       234,625  204,647  +14.65        966,592        
 Gold grade          g/ton      1.68     2.06     -18.45        2.05           
 Contained gold      ounces     12,664   13,526   -6.37         63,506         
 Gold poured         ounces     10,664   11,175   -4.57         53,852         
 Recovery            %          84.56    84.93    -0.44         85.07          
 Gold sold           ounces     11,532   8,943    +28.95        50,442         
 Av. realised price  US$/ounce  4,809    2,831    +69.69        3,474          
 Revenues            US$m       56.30    25.32    +122.35       175.2          
 Safety metrics      cases      -        -        -             -              


Safety metrics

The Company maintained its strong safety performance during the Period, with
no lost-time injuries (LTI) recorded among its employees or contractors during
the reporting period. Consequently, no working days were lost due to
occupational injuries or incidents (DIS).

The Company continues to maintain high standards in occupational health and
safety across its mining operations and remains committed to further
strengthening workplace safety and operational risk management across the
Sekisovskoye mine site.

Annual General Meeting

AltynGold looks forward to meeting shareholders at the Annual General Meeting,
which will be held at 11:00am on 2 June 2026 at the Hudson Sandler office, 25
Charterhouse Square, London. Ahead of the meeting, if shareholders have any
particular questions they wish to raise, these can be sent to
info@altyngold.uk (mailto:info@altyngold.uk) .

AltynGold CEO Aidar Assaubayev commented:

“AltynGold has begun 2026 strongly, with mining and processing volumes up,
gold sales rising, and revenues more than doubling year-over-year.
Sekisovskoye’s sustained performance highlights the strength of our
operating platform and the dedication of our on-site team.

We remain committed to achieving our 2026 targets, supported by continued
investment in operational capabilities. Additionally, we are advancing plans
to expand our mining and processing capacities and will soon share updates on
the next stage of growth initiatives at Sekisovskoye”.

Further Information

For further information, please contact

AltynGold Plc

Rajinder Basra

+44 (0) 203 432 3198

info@altyngold.uk (mailto:info@altyngold.uk)

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 established precious metals producer operating
in Kazakhstan, which is listed on the Equity shares (transition) segment of
the London Stock Exchange.

To read more about AltynGold please visit our website www.altyngold.uk
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