AltynGold (ALTN) Corporate presentation summary

Production and operating performance

• H1 2025 gold production rose 44% YoY to 25,081oz; FY 2025 guidance reiterated at 50,000oz, up 34% YoY.

• Gold output has increased 3.5x since 2019; H1 2025 average production grade was 2.04g/t.

• H1 2025 ore mined rose 35% YoY to 450,578t; mined grade was 2.04g/t and recovery was 84.75%.

• Sekisovskoye’s completed plant upgrade raised capacity 50% to 1Mtpa, supporting a 56koz annual production rate; commissioning completed in H1 2025.

Assets and growth plans

• Sekisovskoye has a life of mine exceeding 60 years; total Proven and Probable reserves are 5.05Moz and resources are 7.96Moz.

• The Board is assessing an expansion from 1Mtpa to 2Mt–2.5Mt within 24 months; estimated cost is ~$125m, with a decision expected in H1 2026.

• Medium-term production target is at least 100koz annually, with detailed planning underway to reach mid-tier producer status.

• Teren Sai covers 200km² adjacent to Sekisovskoye; 1.45Moz of reserves and 1.48Moz of resources are reported, with exploration and testing ongoing through March 2026.

• Nearly 10km of drilling was completed at Teren Sai in H1 2025; conversion to a full mining license is planned ahead of potential development in 2026/2027.

Financial performance

• H1 2025 revenue rose 82% YoY to US$70.0m and adjusted EBITDA increased 125% to US$44.1m.

• H1 2025 average realized gold price was US$3,099/oz; gross profit was US$40.2m and profit before tax was US$34.6m.

• H1 2025 AISC was US$1,357/oz, compared with US$1,284/oz in H1 2024; total cash cost was US$1,134/oz versus US$1,154/oz.

• Net debt was US$34.0m at H1 2025 versus US$53.3m at H1 2024; net debt/EBITDA improved to 0.5x from 1.6x.