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Share Price: 111.00

Bid: 111.00

Ask: 120.00

Change: -1.00 (-0.89%)

Spread: 9.00 (8.108%)

Open: 111.00

High: 111.00

Low: 111.00

Prev. Close: 112.00

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IN BRIEF: AltynGold ups quarterly revenue despite severe weather

Tue, 17th May 2022 05:50

AltynGold PLC - London-based gold mining company with assets in Kazakhstan - Revenue in the first quarter of 2022 soars 43% to USD14.4 million from USD10.1 million the previous year. Despite severe weather conditions, company increases mining production by 2.1% to 134,461 tonnes from 131.733 tonnes and ores milled by 14% to 151,431 tonnes from 132,834 tonnes. Contained gold increases 18% to 8,841 ounces from 7,462 ounces. Average gold grade improves to 2.03 grams per tonne from 1.78 grams per tonne. Gold poured leaps 30% to 8,129 ounces from 6,272 ounces.

Looking forward, company expects further grade improvement as a result of purchasing new equipment. Adds it is monitoring the lifting of Covid-19 restrictions in Kazakhstan.

Current stock price: 125.98 pence

12-month change: down 21%

By Heather Rydings; heatherrydings@alliancenews.com

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IN BRIEF: AltynGold ups quarterly revenue despite severe weather

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