AltynGold Plc (LSE:ALTN) CEO Aidar Assaubayev talked with Proactive's Stephen Gunnion about the company’s full-year 2024 results, operational developments, and growth plans for 2025.
AltynGold, a low-cost gold producer operating in Kazakhstan, reported a transformational year with increased production capacity and significant infrastructure development at its flagship Sekisovskoye mine. Assaubayev highlighted a 50% increase in processing capacity to one million tonnes, the commissioning of a third production line, and a $50 million boost in EBITDA driven by cost control and operational efficiency.
The company is now targeting 50,000 ounces of gold production in 2025—up 60% over two years. A central part of AltynGold’s growth strategy is the adjacent Teren-Sai license, where 54 core holes were drilled last year. Assaubayev said, “The data is currently being analysed to refine geological models and support the development of a more developed mine plan.”
While noting that high gold prices are a positive, Assaubayev emphasised AltynGold’s resilience and long-term focus, stating the company is designed to perform across commodity cycles. On ESG performance, he said the company reported no major incidents in five years and continues to prioritise employee safety and community engagement.
Looking forward, AltynGold remains focused on expanding its resource base, maintaining efficient operations, and exploring multi-asset opportunities to drive long-term value.
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