AltynGold is a Kazakh based gold producer with current operations from its Sekisovskoye mine, where it has just completed a major expansion project. The company reported record results in 2024, generating a net profit of US$26.4m, up 133% YoY driven by increased production, higher realisations and lower unit costs. This year should prove even better with the company targeting a 30% plus increase in production to 50koz and as gold prices continue to strengthen. Besides growth from Sekisovskoye, AltynGold has a development project at the Teren-Sai licence and is ambitious for further growth.

25 Apr 2025
AltynGold | FY24 results – a record year with more to come

Sign up for free to access
Get access to the latest equity research in real-time from 12 commissioned providers.
Get access to the latest equity research in real-time from 12 commissioned providers.
AltynGold | FY24 results – a record year with more to come
AltynGold Plc (ALTN:LON) | 365 -62.1 (-4.5%) | Mkt Cap: 99.8m
- Published:
25 Apr 2025 -
Author:
Colin Smith -
Pages:
9 -
AltynGold is a Kazakh based gold producer with current operations from its Sekisovskoye mine, where it has just completed a major expansion project. The company reported record results in 2024, generating a net profit of US$26.4m, up 133% YoY driven by increased production, higher realisations and lower unit costs. This year should prove even better with the company targeting a 30% plus increase in production to 50koz and as gold prices continue to strengthen. Besides growth from Sekisovskoye, AltynGold has a development project at the Teren-Sai licence and is ambitious for further growth.