Altyn Plc reports the restoration of gold output volumes in July after the drop in H1 due to the machinery breakage and delays in drilling programs.
Losses before interest in H1 totaled $603 thousand as opposed to profit of $603 thousand in January-June 2018.
The company is negotiating a loan of $17 million to spend on purchasing machinery, spare parts and increasing output capacity.
Revenue dropped from $10.9 million to $7.2 million.
In H1 Altyn mined 5561 ounces of gold at the Sekisovskoye deposit as opposed to 8461 ounces in H1 2018.
Average sale price was $1338 per ounce, up from $1323 in 2018. (Ukrainian metal)
