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AltynGold PLC - London-based exploration and development company with assets in Kazakhstan - Revenue jumps 47% on-year to $94.5 million in 2024 from $64.4 million, amid higher production and a surge in the gold price. Ore mined grows 6.9% to 750,045 tonnes in 2024 from 701,465 tonnes in 2023. Gold grade improves to 2.10 grammes of gold per tonne in 2024 from 2.01 grammes of gold per tonne in 2023. Average realised gold price surges 43% to $2,812 per ounce from $1,967 per ounce. AltynGold sells 38,708 ounces of gold in 2024, up 18% from 32,765 ounces in 2023. Looking ahead, AltynGold says: ‘With the enhanced production facilities now in place, the company’s primary focus in 2025 will be ensuring that the Sekisovskoye site operates to its full potential. A detailed mining plan has been developed to ensure controlled development and maximum exploitation of the ore bodies. The Teran-Sai project is progressing according to the work program agreed with mining authorities. During this period, particular attention has been directed towards two significant deposits in area 5. The company will continue to explore additional opportunities to maximise shareholder value and support a long-term sustainable growth strategy.’ Current stock price: 232.00 pence each, down 0.9% on Monday morning in London 12-month change: up sharply from 103.50p on January 29, 2024 Copyright 2025 Alliance News Ltd. All Rights Reserved.
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