AltynGold plc (ALTN.L), Thursday announced the financial results for the six months to 30 June 2025, revealing strong growth in productivity and profitability due to favorable gold price environment.
During the first half of 2025, profit attributable to equity shareholders was $26.9 million or 98.71 cents per share compared to $8.3 million or 30.20 cents per share in the previous year.
Operating profit amounted to $37.04 million compared to last year's $15.2 million.
Adjusted EBITDA increased to $44.1 million from $19.6 million in the prior year, mainly due to increased milling capacity and efficient operations.
Revenue almost doubled to $70 million from $38.4 million in the prior year period.
The UK-based company reiterate its production guidance of 50,000oz for the full year of 2025.
AltynGold's stock closed at 778 pence, down 1.77 percent on the London Stock Exchange.
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