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AltynGold Plc ( (GB:ALTN) ) has provided an announcement.
AltynGold Plc announced record financial results for 2024, driven by a 50% increase in processing capacity at its Sekisovskoye site, leading to a 14% rise in production. The company reported a 46.1% increase in revenues to $94.5 million and a 128% growth in adjusted EBITDA to $50.9 million, supported by favorable gold prices and cost control measures. With a strategic focus on expanding production to over 50,000 ounces in 2025, AltynGold aims to become a multi-asset, multi-jurisdiction gold producer, leveraging its strong regional presence and operational expertise.
More about AltynGold Plc
AltynGold Plc is a leading exploration and development gold mining company operating primarily in Kazakhstan. The company focuses on increasing production capacity and enhancing operational efficiency in the gold mining industry.
YTD Price Performance: 94.76%
Average Trading Volume: 38,611
Technical Sentiment Signal: Sell
Current Market Cap: £112.1M
See more data about ALTN stock on TipRanks’ Stock Analysis page.