AltynGold Plc 1st Quarter Results

Altyngold

22/05/2026 07:00

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.

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

Hudson Sandler LLP (Public Relations)

Charlie Jack

Kristina Gaysina

+44 (0)207 796 4133

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 and follow our news on LinkedIn at AltynGold Plc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260521920058/en/

AltynGold Plc