IN BRIEF: AltynGold celebrates strong performance at Sekisovskoye mine
AltynGold PLC - Kazakhstan-focused gold miner said pretax - Says strong operational and financial performance in the third quarter is driven by continued growth at its Sekisovskoye mine. Overall, ore mined jumps 16% on-year to 239 kilotons, bringing year-to-date total to 689 kt - a 28% increase from last year. Ore milled climbs 53% on-year to 256 kt from 167 kt. Says this is higher than ore mined due to available inventory from previous periods. Gold poured totals 14,314 ounces, up 36%, supported by steady gold and recovery rates of 2.05 grams/ton and 84.71%, respectively. Gold sold rises 38% to 36,515 ounces from 27,358 oz. Says a favourable average price of USD3,363 per ounce drives revenue up 89% to USD46.8 million. Says it is on track to meet its annual target of 50,00 ounces of gold, as the Sekisovskoye processing plant has operated at expanded capacity. Read More