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AltynGold PLC reported increased fourth-quarter production and annual output above its guidance on Thursday, and said it has ‘positive’ momentum going into the current year. However, shares in the firm were down 8.3% at 1,500.00 pence on Thursday afternoon in London. AltynGold reported 14,457 ounces of gold poured in its fourth quarter, up 54% from 9,376 ounces the previous year. Ore mined increased 13% to 237,193 tonnes from 209,745 tonnes, and ore milled jumped 76% to 258,637 from 147,018 tonnes. For 2025, the amount of ore mined increased 24% to 926,422 from 750,045 tonnes, the London-based exploration and development company said. Ore milled rose 63% to 966,592 from 593,612 tonnes. Gold poured increased 44% on-year to 53,852 ounces from 37,279 ounces. This exceed AltynGold’s target of 50,000 ounces for the period, the firm said. The average realised price of gold in 2025 rose 42% to $3,474 per ounce from $2,441. Fourth-quarter revenue surged 91% to $57.9 million from $30.3 million, while annual revenue jumped 85% to $175.3 million from $94.5 million. ‘We are extremely pleased to have delivered another year of strong operational performance, successfully achieving our full-year production target of 50,000 ounces,’ commented Chief Executive Officer Aidar Assaubayev. ‘The fourth quarter marked a solid finish to the year, reflecting the benefits of expanded processing capacity and our team’s continued focus on operational discipline.’ Looking ahead, the Kazakhstan-focused company said it expects grade recoveries at its Sekisovskoye processing plant to remain broadly in line during 2026. It forecast a processing run rate of around 83,000 tonnes per month, and gold production of between 52,000 and 55,000 ounces for the current year. This would be up from 37,279 ounces in 2024. ‘Looking ahead, management is highly focused on advancing the evaluation, to take a board decision before summer 2026, on further expansion opportunities at Sekisovskoye, including detailed work on the technical scope and funding framework required to support future growth,’ Assaubayev commented. ‘This disciplined approach ensures that any expansion is underpinned by robust analysis and aligned with long-term value creation. ‘Supported by a favorable gold price environment and strong cash generation, we enter 2026 with positive operational and financial momentum...we remain confident in our ability to continue delivering value while progressing to the next phase of the company’s development.’ Copyright 2026 Alliance News Ltd. All Rights Reserved.
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