10 Nov 2022 07:00
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
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