ALTYNGOLD PLC: 3rd Quarter Results
10 November 2022 - 6:00PM
UK Regulatory
TIDMALTN
AltynGold Plc
("AltynGold" or the "Company")
Third quarter 2022 production update
AltynGold is pleased to announce its 3Q22 production update.
Highlights:
Ore mined normalised from the strong level achieved in 2Q22,
while ore milled was in line with the average over 1H22 as the
Company utilised its stockpiles to supply the processing plant.
Gold production at 8,799oz remained at the strong level achieved
in 2Q22, supported by improving grades which increased to
2.11g/t.
Despite supportive operational dynamics, revenues declined
quarter on quarter due to a lower average selling price of gold.
The expectation for the reminder of the year is that the gold price
will fluctuate around the current levels of around US$1,700oz.
1Q22 2Q22 3Q22
Ore mined tons 134,461 142,937 131,204
Contained gold ounces 8,841 9,510 9,144
Ore milled tons 151,431 155,168 153,560
Average gold grade gr/tone 2.03 2.09 2.11
Gold poured ounces 8,129 8,836 8,799
Revenue USD m 14.38 17.57 14.72
Further Information:
For further information please contact:
info@altyn.uk
Rajinder Basra
+44 (0) 203 432 3198
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
AltynGold Plc (LSE:ALTN) is an exploration and development
company, which is listed on the main market segment of the London
Stock Exchange.
To read more about AltynGold Plc please visit our website
www.altyngold.uk
View source version on businesswire.com:
https://www.businesswire.com/news/home/20221109005857/en/
CONTACT:
AltynGold Plc
SOURCE: AltynGold Plc
Copyright Business Wire 2022
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