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  2. Share Prices
  3. Altyngold Share Price
  4. Altyngold Share Regulatory News
  5. Initiation Research by Renaissance Capital

Pin to quick picksAltyngold Regulatory News (ALTN)

Altyngold Information

Share Price Information for Altyngold (ALTN)

London Stock Exchange
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Share Price: 124.00
Bid: 114.00
Ask: 122.00
Change: -1.00 (-0.84%)
Spread: 8.00 (7.018%)
Open: 124.00
High: 124.00
Low: 124.00
Prev. Close: 119.00
ALTN Live PriceLast checked at -

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Initiation Research by Renaissance Capital

17 May 2021 07:00

 

AltynGold Plc

("AltynGold" or the "Company")

Initiation Research by Renaissance Capital

AltynGold is pleased to announce that Renaissance Capital, a leading emerging and frontier markets investment bank, under the agreement for sponsored research has produced and initiated independent research on AltynGold.

Highlights quoted from the report:

Valuation range of GBP £2.50 to £3.10 per share;Ambitious medium and longer-term growth targets with a forecast 26% five-year CAGR in gold production volumes and an 18% CAGR over the next 14 years, which would increase the Company production by nearly 10x by 2034;Fair value range shows potential upside aligned with AltynGold’s growth strategy, which combined with its significant reserve base, could drive a material re-rating over the long term;Limited funding risk for AltynGold’s near-term growth targets, due to the low capital requirements and supportive gold-price environment;AltynGold’s EV/reserve of c. $21/gold-equivalent (GE) oz is the lowest in the peer set, which has an average of c. $300/GE oz, while its reserve base is among the top-five largest;AltynGold’s long-life, high-margin assets, should drive superior internal rates of return relative to peers and make AltynGold less capital-intensive than peers over the medium term, as it does not have to replace reserves as quickly as competitors.

The independent initiation report by Renaissance Capital is available to view or download at the research portal of Renaissance Capital and the Company website via the links below:

Sponsored Research - Renaissance Capital Research Portal (rencap.com)AltynGold Website

Further Information:

For further information please contact:

AltynGold Plc

Rajinder Basra

+44 (0) 207 932 2455

Renaissance Capital

Derick Deale

+27 (11) 750 1458

DDeale@rencap.com

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210516005054/en/

Copyright Business Wire 2021

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Date   Source Headline
10th Jan 20117:00 amBUSProduction Update
15th Dec 20105:57 pmBUSHolding(s) in Company
13th Dec 201012:37 pmBUSHolding(s) in Company
10th Dec 201012:46 pmBUSHolding(s) in Company
10th Dec 201012:24 pmBUSHolding(s) in Company
1st Dec 20102:17 pmBUSHolding(s) in Company - Replacement
10th Nov 201012:33 pmBUSHolding(s) in Company
8th Nov 20105:39 pmBUSIssue of options
5th Nov 201012:11 pmBUSDirector/PDMR Shareholding
2nd Nov 20109:29 amBUSDirectorate Change
13th Oct 20101:06 pmBUSHolding(s) in Company
13th Oct 201011:47 amBUSHolding(s) in Company
12th Oct 20108:30 amBUSProduction Update
5th Oct 201012:38 pmBUSHolding(s) in Company
22nd Sep 20109:00 amBUSHolding(s) in Company
21st Sep 20107:00 amBUSHalf-yearly Report
17th Sep 20107:10 amBUSDirectorate Change
9th Aug 201012:29 pmBUSHolding(s) in Company
8th Jul 20107:00 amBUSProduction Update
6th Jul 201012:29 pmBUSHolding(s) in Company
23rd Jun 201012:11 pmBUSResult of AGM
23rd Jun 20107:43 amBUSAGM Statement
25th May 20101:03 pmBUSNotice of AGM
19th May 20107:00 amBUSPurchase of Ore
12th May 20107:00 amBUSFinal Results
7th May 201012:11 pmBUSHolding(s) in Company
14th Apr 20108:07 amBUSProduction Update
29th Mar 20104:35 pmRNSHolding(s) in Company
9th Mar 20107:00 amBUSHolding(s) in Company
11th Feb 201011:13 amBUSUpdate
14th Jan 20107:30 amBUSProduction Update
12th Jan 201011:41 amBUSHolding(s) in Company
23rd Dec 20094:14 pmRNSDirector/PDMR Shareholding
14th Dec 200912:45 pmBUSDirector/PDMR Shareholding
9th Oct 20098:11 amBUSProduction Update
30th Sep 20095:26 pmBUSHolding(s) in Company
23rd Sep 20097:00 amBUSIssue of Equity
18th Sep 20095:35 pmBUSHolding(s) in Company
17th Sep 20097:00 amBUSHalf-yearly Report
10th Sep 20094:06 pmBUSHolding(s) in Company
20th Jul 200910:38 amBUSAGM Statement
14th Jul 200910:15 amBUSProduction Update
9th Jul 200911:50 amRNSHolding(s) in Company
19th Jun 200912:30 pmBUSAnnual Financial Report
9th Jun 20097:00 amBUSFinal Results
9th Jun 20097:00 amBUSProduction Update
15th Apr 20099:23 amBUSProduction Update
11th Mar 200911:49 amBUSDirector/PDMR Shareholding
11th Mar 20097:00 amBUSMine Equipment Update
23rd Feb 20093:58 pmBUSHolding(s) in Company
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