AltynGold Reports Record Financial Results and Strategic Growth Plans for 2025

PUBLISHED: 25 Apr 2025 @ 18:25 | Comments (0) | More info about Fiona Craig

AltynGold Plc (LSE:ALTN) has announced impressive financial results for 2024, driven by a 50% increase in processing capacity at its Sekisovskoye site, resulting in a 14% rise in gold production. The company saw a 46.1% jump in revenue to $94.5 million and a remarkable 128% growth in adjusted EBITDA, reaching $50.9 million. These results were bolstered by favorable gold prices and effective cost management strategies. Looking ahead, AltynGold plans to ramp up production to over 50,000 ounces in 2025, with aspirations of becoming a multi-asset, multi-jurisdiction gold producer. The company is well-positioned to capitalize on its strong regional presence and operational expertise to support its growth strategy.

About AltynGold Plc

AltynGold Plc is a prominent exploration and development company in the gold mining industry, with operations primarily based in Kazakhstan. The company is focused on boosting production capacity and improving operational efficiency, aiming to solidify its standing as a leading gold producer in the region.

Year-to-Date Share Performance: +94.76%
Average Daily Trading Volume: 38,611
Technical Sentiment: Sell Signal
Market Capitalization: £112.1 million

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Ltd. ADVFN Ltd does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.