AltynGold revenue up 1.6-fold to $115.2 mln in H1Mining company AltynGold Plc increased revenue 64.6% year-on-year to $115.2 million in the first half of 2026 on higher sales and favorable gold prices, the company said.Gross profit rose 49% year-on-year to $59.9 million, profit before taxation grew 59.1% to $55.1 million and profit after taxation expanded 58.4% to $42.7 million.Adjusted EBITDA was increased 55.4% to $68.5 million and cash generated from operations was up 64.7% go $52.1 million.Net cash inflow from operating activities after tax payments grew 19.7% to $36.5 million.Ore production increased 1.7% to 458,201 tonnes, while processing volume rose 10.1%.Processed grade improved from 1.68 grams per tonne in Q1 to 1.84 grams per tonne in Q2.Gold sales rose 9% to 24,628 ounces in January-June 2026 compared with the same period in 2025.The average realized gold price rose 50.3% in the reporting period to $4,615 per ounce.CEO Aidar Assaubayev said the company delivered record revenue in the reporting period and invested $26.1 million to strengthen the business and position it for growth. At the same time, AltynGold reduced its total debt, fully settled its 2025 liability and made advance payments for 2026.AltynGold's main assets are the Sekisovskoye and Teren-Sai gold deposits in the East Kazakhstan region.According to the company's website, its main shareholder with a 65.6% stake is AGold Mining Group Plc, which represents the interests of the Assaubayev family, former owners of KazakhGold. The company's shares trade on the London Stock Exchange. (ICE ALMATY)

Fonte notizia: INTERFAX