GV GOLD (Vysochaishy, OJSC) today

- One of the ten leading gold producers of Russia.

- Carries out exploration and mining operations in two regions of Russia: Irkutsk Region and  Yakutia (Sakha).

- GV Gold asset portfolio includes more than 10 licenses with the total area of over 600 km2. 

- Explored reserves of the company amount to 265.5 t (8.5 Moz) of Au, prognostic resources - 205.2 t (6.6 Moz) of Au.

- In 2009 facilities of the GV Gold produced 3 450 kg of Au.

- In 2009 the IFRS revenue from sales of gold amounted to RUR 3 350 million; the net profit - RUR 1 151 million.

- The Company plans to increase the production of gold up to 15 t p.a. (500 koz) by 2016.
 
HISTORY

GV Gold (Vysochaishy, OJSC) was established on February 3, 1998 (Protocol №1 dated 03.02.1998 of the General Meeting of Incorporators (Shareholders) signed by the JSCB "Lanta-Bank" (CJSC) and the OJSC "Lenzoloto") with the aim of development of the Golets Vysochaishy gold deposit located in the Bodaibo Area of the Irkutsk Region.

1998 - Establishment of the Company and receipt of the license             

1999 - Exploration operations

2000 - Approval of the reserves

2001 - Commissioning of the Pilot Plant-1, production of the first 19 kg of Au    

        
2002 - Design of the Mining and Processing Complex

2003 - Construction of the Mining and Processing Complex

2004 - Commissioning of the 1-st processing line of the Processing Plant-2

2005 - Staged commissioning of new capacities

2006 - Commissioning of the 2-nd processing line of the Processing Plant-2

2007 - Expansion of the Mining and Processing Complex

-    Entry of BlackRock into the Company's shareholding structure (19.99% equity)
-    Acquisition of new licenses

 

2008 - Design of the Processing Plant-3 (Golets Vysochaishy deposit, Irkutsk Region)

-    Acquisition of new assets (51% Aldgold, 75% Zolotaya Gora, 100% Khomolkho)
-    Acquisition of the license for the Eastern Part of the Khomolkho Ore Cluster

2009 - Construction of the Processing Plant-3 (Golets Vysochaishy deposit, Irkutsk Region)

-     Assembling of the deep digging dredge (up to 30 m) with the bucket capacity of 400 liters (B.Kuranakh deposit, Yakutia (Sakha) Republic)
-    Acquisition of the licenses and productive assets of the Ykanskoye and Ozherelie deposits (Irkutsk Region)