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Decent numbers across the board. Hopefully a good omen for the full year and this still lets me dream of a dividend within a couple of years! A copy of the update is below:-
AltynGold is pleased to announce its 1Q2024 production update.
Production volumes were strong with both mined and milled ore increasing 11% YoY to
154.8kt and 129.7kt respectively.
Gold grade increased to 2.17g/t. The improvement is driven by positive mix effect from
accumulated stock piles as well as grade recovery from underlying operations which increased
to 2.08g/t from 1.92g/t in 1Q23. As a result, volume of gold poured expanded 25% YoY to
7,370/oz.
Revenues for the quarter increased 41% YoY to US$15.7m primarily on stronger sales which
expanded 28% YoY to 7,546/oz (1Q2023: 5,902/oz). The average selling price also increased
10% YoY to $2,083/oz (1Q2023: US$1,889/oz) in line with positive momentum in gold price
globally.
The processing plant expansion is progressing well and in line with budget.
Well that totally passed me by. Q1 results issued on 7th May and I only now realise. They really have an problem with communicating to investors & potential investors.
Ditto!
The results were available here on the day:
https://www.londonstockexchange.com/stock/ALTN/altyngold-plc/analysis
Not ALTN's fault they were not disseminated elsewhere?
I seem to remember a while back someone commented that ALTN aren't paying for a 'proper' general release of their RNS's, choosing a cheaper option presumably to save costs (I can understand that). If that is the case they would have some repsonsibility for the way their RNS's are disseminated.
Hey Queen Suaze What is this its yesterdays news , are you a ramper as dont need another idiot on here , i am not saying your a idiot just sounds like one a bit , have you anything constructive to add as not welcome here .
You are lying Suaze it was released ages ago , you repeated lies before on here they should ban you as you talk a load of bollucks most posts/
I told you it was released ages ago . As usual you are to busy moaning about directors !
That Suaze guy is from another forum hes causes trouble with other posters arguing about results and quite a nasty little pip squeak .
I think you're a bit confused here, Louie (sorry, I mean 'buster').
I am not the original message thread starter. I pointed out to other posters that had missed these results that they were in fact released on 7 May, on the londonstockexchange website.
Haven't seen you on ADVFN for a while - did you get banned for your abusing comments?
King Suaze I think your confused I never heard of him must be a fellow you knew once or fallen out with . Ive been here years and never heard of advn is that a share ?
Hahaha, ok, Louie:
'That Suaze guy is from another forum' - which forum is that then?
'Ive been here years and never heard of advn'...
Joker Suaze what are you on , never heard of Louie .
Must have been here years ago I heard there was a knobber called Suarze on another board is that you ? are you on all boards ?
Even when caught in your own lies, you continue to double down. Sad!...
KingSuarez, it isn't you. I thought your original post was fair comment (even though I disagreed with it). Buster is one of those people who attacks people for no other reason than he's bored I think. I have him filtered btw....much nicer that way I find.
Cheers. You may be right about ALTN not paying for a proper RNS release service. It wouldn't entirely suprise me and I did put a ? at the end of my comment.
Buster posts on ADVFN under another moniker and is highly reactive and abusive to all and sundry there as well. All unnecessary, but whatever - 'free world' and all that.
I suspect we are all a bit bored waiting for the touchpaper to be lit on plant processing expansion soon?!
Baldie you are a hypocrite and similar to Suarze you both a pair of clowns .
bog off back to advn where you hide under your bridge with other trolls , this person suaze has multiple names on advn and comes out to ramp share to fool new investors into usual bull ****e into buying .
'What's advn - is it a share? I've never heard of it' etc...
You know what it is , Do something useful and make some predictions on future share price now
fundamentals have changed ? There are others on here that wish to read useful comments and not pork pies about another poster who is not here ? you know who as its someone else ?
Of course I do. I was mimicking/mocking you, Louie2010.
You mentioned that 'you heard' I post on 'another forum' (which is obviously ADVFN - unless you can find another forum on which this share is discussed?!) which is where we both know you post as Louie2010, and how you know my username (you use all the same language there and consistently misspell my moniker exactly the same on here as you do there as well as claiming to have been a holder for 10+ years here and there). You also only post on SOLG here as you do on ADVFN.
You claimed I ramp and post lies on 'another forum' and that I post under multiple different monikers, which is untrue - it is you that posts here and there on different usernames. You claimed never to have heard of ADVFN. Now you apparently do know what it is.
You claimed to have 500k, then 1.6m shares in ALTN, which is obviously nonesense as you'd be on the shareholder register for all to see. Maybe you meant those values pre-consolidation and just haven't checked your share account in several years, but that's being generous.
Do you want me to continue exposing your nonsense?
As for ALTN, I think it is clearly undervalued. It doesn't take a genius to figure that out, but the market for small cap miners is in the toilet right now. We await transformational news on production increase from the plant expansion. In the meantime you spend your days (and nights) calling everyone a clown and being as abusive as you can get away with without getting banned - presumably that's your (only?) form of entertainment/attention?
Suaze clown your all gibberish , go back to under your bridge little troll .
Have a nice weekend, Louie. Try and stay off the drink so you're not posting hostilities at midnight again!...
\clown suaze i think it s you with the drink problem some of us work and havmt time to drink as for me i work late ****s as a driver so dont hardly drink . you lay off the sauce as its affected your brain if you have one or has some sawdust leaked out of your lugos .