Highlights

  • Gold production of ALTN for Q3 2025 increased 36% YoY to 14,314 ounces.
  • Revenue surged 89% YoY to USD 46.8M in Q3 2025, driven by higher sales and prices.
  • Expansion plans at Sekisovskoye mine under evaluation to double processing capacity.

AltynGold Plc (LSE:ALTN), a Kazakhstan-based precious metals producer, released its production and operational update for the nine months ended 30 September 2025. The company reported an increase in gold production and revenue, supported by higher output and favourable pricing.

During the third quarter, ore mined rose 16% year-over-year (YoY) to 239 kt, while ore milled jumped 53% YoY to 256 kt, exceeding mined ore due to the use of existing inventory. For the year to date (YTD), ore mined totalled 689 kt, a 28% increase compared to 2024.

Gold production for Q3 reached 14,314 ounces, up 36% YoY, with an average grade of 2.05 g/t and a recovery rate of 84.71%. Year-to-date, gold output stood at 39,395 ounces, representing a 41% increase from the same period last year.

Revenue and Sales Growth

Sales volumes during the period rose 33% YoY to 36,515 ounces, compared with 27,358 ounces in 2024. The average realised gold price increased 39% to USD 3,192 per ounce. As a result, revenue for Q3 2025 climbed 89% YoY to USD 46.8M, bringing the total for the first nine months to USD 116.5M.

Expansion and Development Plans

The board is reviewing plans to expand the Sekisovskoye processing plant’s current capacity of 1Mt per year to between 2Mt and 2.5Mt within 24 months. The estimated cost of expansion is around USD 125M, supported by the company’s cash generation. A final decision is expected in H1 2026 following technical and financial assessments.

At the Teren-Sai project, exploration continued as per the approved work programme, with 9,985 metres drilled during the period. The company expects to obtain a full mining licence in 2026, enabling future development.

Safety and Sustainability

AltynGold reported no accidents or production stoppages during the quarter. The Company continues to conduct regular training sessions to mitigate operational risks.

As part of the Smart Mining + initiative, supported by the Japanese government and Hokkaido University, AltynGold hosted senior representatives from the university at its Sekisovskoye mine in September 2025 for site visits and sample collection. The project will continue until 2030.

Management Commentary

Aidar Assaubayev, CEO of AltynGold, stated:

“AltynGold has delivered another quarter of strong performance, underpinned by steady production growth and a solid financial position. With Sekisovskoye operating at full capacity, we are well on track to meet our 2025 production target of 50,000 ounces.

The Company is entering an exciting new phase of development as we evaluate the next stage of expansion to further increase output and strengthen our position as a leading gold producer in Kazakhstan.”

Share Performance

The company shares are currently trading at GBX 900.0 slightly down by 0.44% from its previous close of GBX 904.0