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AltynGold PLC on Friday reported sharp growth in revenue and gold production in the first half of 2025, as it ramped up operations at its main Sekisovskoye mine in Kazakhstan. The London-listed miner said revenue in the six months to June 30 surged 84% to $70.0 million from $38.0 million a year earlier, driven by a rise in volumes and stronger gold prices. Gold poured during the period rose 44% year-on-year to 28,081 ounces from 17,413 ounces, while contained gold output increased 27% to 29,284 ounces. AltynGold sold 22,595 ounces, up 39% from a year before, at an average realised price of $3,098 per ounce. The company said it achieved its targeted monthly mining run rate of 83,000 tonnes, with ore mined rising 35% to 451,000 tonnes and ore milled up 62% to 453,000 tonnes. It cited the benefits of a third processing line and infrastructure upgrades completed earlier in the year. AltynGold said it remains on track to meet its 2025 production target of 50,000 ounces and plans to build on the strong momentum in the second half of the year. Chief Executive Officer Aidar Assaubayev said Altyngold is continuing its transformation into a ‘significant multi-asset mining company’ and highlighted progress on its environmental and safety commitments. Shares in Altyngold were 8.7% higher at 628.00 pence in London on Friday morning. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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