AltynGold (ALTN)

Sector:

Mining

93.25p
   
  • Change Today:
      3.00p
  • 52 Week High: 150.50
  • 52 Week Low: 82.25
  • Currency: UK Pounds
  • Shares Issued: 27.33m
  • Volume: 32,202
  • Market Cap: £25.49m

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Altyn makes 'significant progress' on mining equipment acquisitions

By Josh White

Date: Monday 16 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Altyn announced on Monday that "significant progress" has been made in the acquisition of mining equipment, following its recent debt raising.
The AIM-traded firm said that a number of major items of equipment had been delivered to the mine site at Sekisovskoye during the year, including a ZL 50G front-end loader, a 25 t Chacman dump truck, three CAT R1300 material handling trucks, and three CAT AD30 underground haulers.

In addition, more equipment was on order with an expected delivery date in May, including an Atlas Copco T1D face drilling rig, an Atlas Copco T1D ring drilling rig, and an Atlas Copco Diamec U4 exploration drilling rig.

"With the current equipment now on site production has been steadily increasing with a monthly run rate of 29,000 tonnes being achieved in February," the board said in its statement, which was a "significant increase" from the 10,185 tonnes reported at the same time last year.

"Production is budgeted to further increase once the second batch of equipment is received in May 2020, with management targeting to increase the run rate to approximately 45,000 tonnes a month in the fourth quarter of 2020.

"The company will release further updates as plans progress."

At 1328 GMT, shares in Altyn were down 16.01% at 0.59p.

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AltynGold Market Data

Currency UK Pounds
Share Price 93.25p
Change Today 3.00p
% Change 3.32 %
52 Week High 150.50
52 Week Low 82.25
Volume 32,202
Shares Issued 27.33m
Market Cap £25.49m

AltynGold Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.40% above the market average91.40% above the market average91.40% above the market average91.40% above the market average91.40% above the market average
93.89% above the sector average93.89% above the sector average93.89% above the sector average93.89% above the sector average93.89% above the sector average
Price Trend
31.2% below the market average31.2% below the market average31.2% below the market average31.2% below the market average31.2% below the market average
32.87% above the sector average32.87% above the sector average32.87% above the sector average32.87% above the sector average32.87% above the sector average
Income Not Available
Growth
72.64% above the market average72.64% above the market average72.64% above the market average72.64% above the market average72.64% above the market average
78.12% above the sector average78.12% above the sector average78.12% above the sector average78.12% above the sector average78.12% above the sector average

AltynGold Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:29 19 @ 90.50p
15:54 155 @ 90.78p
15:11 3,000 @ 90.78p
15:10 3,000 @ 94.00p
15:07 3,000 @ 90.78p

AltynGold Key Personnel

CEO Aidar Assaubeyev
Chair Kanat Assaubayev

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