Added to YB: 2026-09-03
Pitch date: 2026-09-01
ALTN.L [bullish]
AltynGold plc
+3.93%
current return
Author Info
Eligian Research provides independent, fundamentals-driven analysis of small- and mid-cap commodity companies that receive limited coverage elsewhere. Our work centers on junior and mid-tier miners across the resource sector, where careful due diligence and rigorous valuation work can uncover opportunities the broader market has overlooked. Sign up for the newsletter.
Company Info
AltynGold plc, together with its subsidiaries, engages in the exploration and development of gold producing mine in the Republic of Kazakhstan.
Market Cap
GBP 472.5M
Pitch Price
GBP 11.45
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.84
P/E
7.62
EV/Sales
2.80
Sector
Metals and Mining
Category
growth
AltynGold: Paying for Its Own Doubling
ALTN.L: AltynGold’s ~$457m market cap and net cash compare with forecast 2026 free cash flow of ~$110m. The company intends a ~$125m, internally funded expansion that could lift Sekisovskoye from 1 Mtpa to 2.0-2.5 Mtpa and production from ~52koz to ~136.5koz by 2029; forecast cumulative 2026-29 FCF after expansion is ~$478m versus a $437m EV. The key risk is that repeated update promises have yielded no formal plan, budget or schedule.
Read full article (3 min)