ALTYN PLC: Altyn Plc - Production update
16 March 2020 - 6:00PM
UK Regulatory
TIDMALTN
16 March 2020
Altyn Plc
("Altyn" or the "Company")
Production update
Altyn Plc is pleased to announce that significant progress has
been achieved in the acquisition of mining equipment following the
recent debt raising by the Company.
In summary the following major items of equipment have been
delivered to the mine site at Sekisovskoye during 2020:
- Front-end loader ZL 50G
- Dump truck 25 t Chacman
- Material Handling Trucks CAT R1300 - 3 units
- Underground haulers CAT AD30 - 3 units
In addition to the above the following equipment is on order
with an expected delivery date in May 2020, this includes the
following:
- Face drilling rig Atlas Copco T1D
- Ring drilling rig Atlas Copco T1D
- Exploration Drilling Rig Atlas Copco Diamec U4
With the current equipment now on site production has been
steadily increasing with a monthly run rate of 29,000t being
achieved in February, (February 2019: 10,185t) a significant
increase from the prior year.
Production is budgeted to further increase once the second batch
of equipment is received in May 2020, with management targeting to
increase the run rate to approximately 45,000t a month in Q4 2020.
The Company will release further updates as plans progress.
Further Information:
For further information please contact:
Altyn Plc
Rajinder Basra
+44 (0) 207 932 2456
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
Information on the Company
Altyn Plc (LSE:ALTN) is an exploration and development company,
which is listed on the standard segment of the London Stock
Exchange.
To read more about Altyn Plc please visit our website
www.altyn.uk
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200316005073/en/
CONTACT:
Altyn Plc
SOURCE: Altyn Plc
Copyright Business Wire 2020
(END) Dow Jones Newswires
March 16, 2020 03:00 ET (07:00 GMT)
Altyngold (LSE:ALTN)
Historical Stock Chart
From Apr 2024 to May 2024
Altyngold (LSE:ALTN)
Historical Stock Chart
From May 2023 to May 2024