The closure in 2016 of the open pit at Sekisovskoye in Kazakhstan marks the beginning of Altyn’s (ALTN LN) transition towards 100kozpa of gold at cash costs of below US$550/oz. The transition requires around US$48m, largely to expand ore handling capabilities and underground development, and ALTN raised US$12m in 2016. The current plant requires just 150ktpa expansion to reach design capacity of 1mnpta, significantly reducing capex requirements. The end of open pit production and start
03 Apr 2017
Going Underground
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Going Underground
AltynGold Plc (ALTN:LON) | 133 4.7 2.7% | Mkt Cap: 36.4m
- Published:
03 Apr 2017 -
Author:
Oliver O’Donnell -
Pages:
26
The closure in 2016 of the open pit at Sekisovskoye in Kazakhstan marks the beginning of Altyn’s (ALTN LN) transition towards 100kozpa of gold at cash costs of below US$550/oz. The transition requires around US$48m, largely to expand ore handling capabilities and underground development, and ALTN raised US$12m in 2016. The current plant requires just 150ktpa expansion to reach design capacity of 1mnpta, significantly reducing capex requirements. The end of open pit production and start