Information  X 
Enter a valid email address

Altyn output increasing towards target

By BFN News | 08:07 AM | Wednesday 19 April, 2017


Kazakhstan-focused gold mining and development company Altyn's production increased towards its target of 40,000mt - 45,000mt a month in the first quarter. An operational update said that ore extracted from the underground mine rose from 17,835mt in January to 28,458mt in March - an increase of 60% (FY2016 100,763mt underground ore). Gold recoveries increased at a higher rate than that anticipated from 72.9% in January which included a large percentage of open-pit, low grade ore, to a current rate of 87.3%, for the processing of only underground ore. Executive deputy chairman Neil Herbert said: "The mine development is now starting to move towards the anticipated production profile. "Grades and production will continue to improve with increasing quantities of better quality stoping ore of a higher grade being supplied to the plant, with the benefits of the recent capex now coming on stream". At 8:07am: (LON:ALTN) Altyn Plc Ord 0.1p share price was +0.18p at 1.91p Story provided by StockMarketWire.com

a d v e r t i s e m e n t