London listed main board company AltynGold Plc has been operating the Sekisovskoye mining started in 2008, initially it was an open pit operation. Since 2017, all production is from higher-grade underground operations.
The company has a production mine with a processing plant, infrastructure and a significant asset base.
The company has a strategy to deliver transformational growth at Sekisovskoye mine, through its development of the underground mine, with targeted annual production run rate of 100,000 oz of gold.
There are currently 27,332,934 ordinary shares of nominal value £0.10 each in issue. There are no shares held in treasury.
The Competent Persons report completed in 2019 indicated proved reserves under the JORC 2012 classification of 3.47Moz and attractive gold grades 3.61 g/t.
The Company's aim is to produce 100 thousand ounces of gold production under phase 1 of the underground development plan (from the current level down to -50masl depth). The Company is currently at -150masl under Phase 1of its development.