Current Operations
High-performing assets driving sustainable growth
Teren-Sai deposit
Latest Reports
Current Operations
The Sekisovskoye Deposit
The Sekisovskoye deposit is AltynGold’s flagship producing asset and the cornerstone of its operations in Kazakhstan.
Located in Eastern Kazakhstan, near Ust-Kamenogorsk, Sekisovskoye is an established underground mining operation supported by a fully operational processing plant with a capacity of 1Mtpa.
Following the successful expansion and ramp-up of operations, the Company delivered gold production of 53.8K ounces in 2025, exceeding its annual target and demonstrating consistent operational performance at scale.
The asset provides a strong foundation for further growth, with studies underway to expand processing capacity to 2Mtpa, supporting the Company’s ambition to exceed 100K ounces of annual production in the medium term.
53.8K oz/Yr
Gold production in 2025
3.80M oz
Proved & Probable Reserves (P&P)
100K oz/Yr
Targeted ore production
Overview
Sekisovskoye
The Sekisovskoye deposit has a long operational history, first discovered in 1833, with intermittent mining activities throughout the 19th and 20th centuries. Modern exploration and development accelerated from the late 20th century, with further work undertaken following the acquisition by Hambledon Mining (now AltynGold Plc).
Mining operations recommenced in 2008, with subsequent investment focused on underground development, infrastructure upgrades, and processing capacity expansion.
Today, the mining licence is held by DTOO GRP Baurgold, a wholly owned subsidiary of AltynGold, while processing operations are conducted through GMK Altyn MM LLP.
Operational Data
Projected capital expenditures underground operations
| Total | 2026 | 2027 | 2028 | |
|---|---|---|---|---|
| Underground development | 34 | 16 | 9 | 9 |
| Infrastructure - buildings and facilities | 23 | 13 | 5 | 5 |
| Mining equipment | 29 | 17 | 6 | 6 |
| Tailings dumps | 1 | 1 | - | - |
| Process plant equipment | 8 | 4 | 2 | 2 |
| Total | 95 | 51 | 22 | 22 |
all numbers in US$m
Current Operations
The Teren-Sai deposit
Teren-Sai is a highly prospective development project located in Eastern Kazakhstan, in close proximity to AltynGold’s flagship Sekisovskoye mine, with an area of 200 km2.
The project represents a key component of the Company’s medium-term growth strategy, with the potential to expand production beyond the current Sekisovskoye operation.
~9,700 m
Core drilling completed in 2025
1.45M oz
Proved & Probable Reserves (P&P)
3
Priority development areas identified (plots 2, 4 and 5)
Overview
Teren-Sai
Teren-Sai is currently at an advanced exploration and evaluation stage, with work focused on progressing the project toward full production status.
During 2025, the Company completed approximately 9,700 metres of core drilling, alongside sampling and topographical studies, supporting ongoing resource definition and mine planning.
Three principal target areas have been identified within the licence area. Initial evaluation indicates that plot 5 hosts gold mineralisation with grades comparable to Sekisovskoye, while plots 2 and 4 contain mixed gold and copper resources.
The Company is currently progressing the application for a full production licence, with approval anticipated in late 2026. Upon receipt, detailed mine design and site preparation activities will commence.
In the early stages of development, ore from Teren-Sai may be processed at the Sekisovskoye plant, leveraging existing infrastructure and reducing initial capital requirements.
Operational Data
Financial Statements for the Year Ended 31 December 2025: Intangible assets
| At 31 December 2025 | |
|---|---|
| Teren-Sai geological data | 1,176 |
| Teren-Sai exploration and evaluation costs | 19,347 |
all numbers in $000
