**Summary of AltynGold PLC Half-Year Report (H1 2025)**
AltynGold PLC, a leading gold producer in Kazakhstan, reported strong unaudited results for the six months ending June 30, 2025, driven by increased processing capacity and favorable gold prices. Key highlights include
**Financial Performance**
**Revenue** surged 82% to **US$70 million** (H1 2024: US$38.4m), supported by higher gold production and an average realized gold price of **US$3,099/oz** (H1 2024: US$2,293/oz).
**Gross profit** rose to **US$40.2 million** (H1 2024: US$16.5m), with **net profit before taxation** at **US$34.6 million** (H1 2024: US$10.3m).
**Adjusted EBITDA** more than doubled to **US$44 million** (H1 2024: US$19.6m), reflecting a 125% increase.
**Cash generation** strengthened, with cash balances rising to **US$15 million** (December 2024: US$10.4m).
**Production and Operations**
**Gold production** increased 44% to **25,081 oz** (H1 2024: 17,413 oz), driven by the upgraded processing plant at the Sekisovskoye mine.
**Ore mined** rose 35% to **450,578 tonnes** (H1 2024: 334,101 tonnes), with gold recovery averaging **84.75%**.
**All-in sustaining cost (AISC)** remained competitive at **US$1,357/oz** (H1 2024: US$1,284/oz), and **total cash cost** was **US$1,152/oz** (H1 2024: US$1,154/oz).
**Sekisovskoye mine development** progressed with declines, tunnelling, and infrastructure upgrades, including ventilation and drainage systems.
**Exploration and Growth**
**Teren Sai exploration** continued with **9,720 meters of core drilling**, mapping, and sampling, despite a shift in focus to Sekisovskoye due to resource allocation.
The company aims to scale production to **100,000 oz annually** from its existing resource base, supported by the Sekisovskoye expansion and Teren Sai potential.
**Safety and Sustainability**
No mine accidents or safety incidents were reported, underscoring AltynGold’s commitment to responsible operations.
**Strategic Outlook**
AltynGold is transitioning from a junior to mid-tier producer, with a robust financial position enabling reinvestment in growth.
The company reaffirmed its **2025 production guidance** of **50,000 oz** and remains focused on long-term growth, exploration, and operational efficiency.
**Leadership and Governance**
Maryam Buribayeva was appointed Chief Financial Officer, bringing expertise from her tenure as a Non-Executive Director.
AltynGold’s H1 2025 results demonstrate significant progress in production, profitability, and strategic growth, positioning the company for sustained value creation in a favorable gold market.