Maybe15 Apr 2017 02:52
Do the maths...
"Aidar Assaubayev, CEO of Altyn Plc, commented:
We are pleased with the development of the underground mine in 2016 which has built a solid platform for the future growth of the Company, the results of which are now bearing fruit. The strong rate of growth of production in the second half of 2016 has been sustained in 2017, and will be further enhanced going forward as new capital equipment is acquired. We are confident in meeting the targeted forecast gold production figures going forward of 100,000oz / year in the future, with a forecast cash cost of US$510. The Sekisovskoye mine project together with the added benefit of the development Karasuyskoye ore field, the exploration results of which are looking very encouraging are expected to generate substantial returns to the shareholders”
Market Cap. £42 million.