Business
AltynGold Plc ('AltynGold' or the 'Company') H1 2025 Production and Operational update Gold production up 44%, as Sekisovskoye processing achieves targeted run rate
AltynGold Plc ('AltynGold' or the 'Company') H1 2025 Production and Operational update Gold production up 44%, as Sekisovskoye processing achieves targeted
About this update from Altyngold Plc
[{"type":"text","content":"London - AltynGold (LSE:ALTN) is pleased to announce its production and operational update for the six months to 30 June 2025 ('H1 2025' or the 'Period').\nThe Period delivered a 44% increase in gold production as it started to gain the full benefit of the processing plant upgrade at its primary Sekisovskoye asset.\nOperational highlights\nDuring H1 2025, AltynGold continued to scale production at the Sekisovskoye mine, achieving its targeted monthly mining run rate of 83Kt. Ore mined during the Period increased by 35% YoY to 451Kt, while ore milled rose by 62% to 453Kt. The commissioning of the third processing line and further infrastructure improvements during the second quarter supported this consistent growth in volumes. Gold poured totalled 28,081oz in H1 2025, a 44% increase from H1 2024 (17,413oz). Gold sold during the period totalled 22,595oz (H1 2024: 17,247oz). The average gold grade processed remained steady at 2.04g/t, with a recovery rate of 84.75%, in line with the first quarter. A strong production performance contributed to a sharp increase in revenue, which rose to $70m during the Period, up 84% from H1 2024 ($38 million). This was supported by a 39% YoY increase in the average realised gold price, which rose to $3,098/oz. The Company remains on track to achieve its full-year production target of 50,000oz. With the new processing line fully operational, the targeted mining run rate of 83Kt per month has been reached, and output is increasing in line with expectations. The strong operational performance in the first half provides a strong base for continued delivery in the second half of the year.\nSustainable operations\nNo lost-time incidents or operational stoppages were reported during this Period. The Company continues to conduct regular safety audits and drills in cooperation with local authorities and emergency services. As part of its ongoing ESG initiatives, the Company signed a collaborative research agreement in June 2025 with Hokkaido University of Japan under the Next Generation Smart Mining+ for Sustainable Resources Development programme. The research will run through to 2030, aiming to improve operational efficiency by introducing real-time data collection and wireless communication systems across the mine. The agreement also includes technical and leadership training for employees, with modules ...