Business
2nd Quarter Results
2nd Quarter Results.
About this update from Altyngold Plc
[{"type":"text","content":"\n \n2nd Quarter Results\n\nAltynGold Plc\n\n \n\n \n AltynGold Plc\n(\"AltynGold\" or the \"Company\")\nSecond quarter 2022 production update\n \nAltynGold is pleased to announce its 2Q22 production update.\n\n \nHighlights:\n\n \n \nRevenues went up 22.2% quarter on quarter on increased gold production and higher average selling price.\n\n \nThe company showed positive operational growth dynamics with mined and milled ore production increasing 6.3% and 2.5% quarter on quarter respectively.\n\n \nContained gold rose 7.6% quarter on quarter to 9,510 ounces on higher grades which improved from 2.03g/t to 2.09g/t.\n\n \n \n \n \n \n \n\n \n \n \n \n\n \n \n \n 1Q22\n \n \n \n \n 2Q22\n \n \n \n \n \n \nOre mined\n\n \n \n \n tons\n \n \n \n \n134,461\n\n \n \n \n142,937\n\n \n \n \n \n \nContained gold\n\n \n \n \n ounces\n \n \n \n \n8,841\n\n \n \n \n9,510\n\n \n \n \n \n \nOre milled\n\n \n \n \n tons\n \n \n \n \n151,431\n\n \n \n \n155,168\n\n \n \n \n \n \nAverage gold grade\n\n \n \n \n gr/tone\n \n \n \n \n2.03\n\n \n \n \n2.09\n\n \n \n \n \n \nGold poured\n\n \n \n \n ounces\n \n \n \n \n8,129\n\n \n \n \n8,836\n\n \n \n \n \n \nRevenue\n\n \n \n \n USD m\n \n \n \n \n14.38\n\n \n \n \n17.57\n\n \n \n \n \nThe CEO Aidar Assaubayev commented: “AltynGold is on track for another strong year. Production and grades are trending higher supporting increased revenues. The ensuing cash flows and the recently approved bank loan will provide the financing for the capacity expansion which will move the business to the next level”.\n\n \n Further Information:\nFor further information please contact:\n\n \n AltynGold Plc\n\n \n [email protected] \n\n Rajinder Basra\n+44 (0) 203 432 3198\n\n \nThe 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.\n\n \n Information on the Company\n \n \nAltynGold Plc (LSE:ALTN) is an exploration and development company, which is listed on the main market segment of the London Stock Exchange.\n\n \nTo read more about AltynGold Plc please visit our website www.altyngold.uk\n \n \n \n View source version on businesswire.com: \n \n https://www.businesswire.com/news/home/20220731005032/en/\n \n \n ","length":7217,"tagName":"div"}]