12th Oct 2021 14:37
AltynGold PLC - gold miner with assets in Kazakhstan - Reports revenue of USD12.8 million in the third quarter ended September 30, up sharply from USD6.3 million the year prior. Ore mined rises 11% year-on-year to 149,998 tonnes, from 134,715 tonnes. Gold poured jumps to 7,440 ounces, from 3,492 ounces a year ago. Average gold grade improves to 2.1 grams per tonne, compared to 1.6 grams in the same period in 2020. Says it continues to develop the Teren-Sai deposit in Kazakhstan. Expects to start production at Area No 2 at Teren-Sai in 2024. Notes no interruptions or negative impact to its operations, despite Covid-19 precautionary procedures taken by the local authorities.
Current stock price: 133.08 pence, up 4.0% on Tuesday afternoon
Year-to-date change: up 17%
By Scarlett Butler; [email protected]
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