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GV Gold Will Pay RUB 1 Billion of Dividends for H1 2018

GV Gold (Vysochaishy, PJSC), one of largest and fastest growing Russian gold mining companies, will pay the dividends in the amount of RUB 18.551942 per share following the results of H1 2018.

The decision was made at the Extraordinary General Shareholders Meeting, which took place on September 29, 2018. The amount of payable dividends totals RUB 1,020 million, which corresponds to 30% of the Company’s EBITDA for H1 2018

Company Profile

GV Gold (Vysochaishy, PJSC) is one of largest and fastest growing Russian gold mining companies. It develops open pit deposits and washes gold at the country’s largest alluvial deposit. In 2017, the Company produced 225 koz of gold, becoming the 7th largest gold miner in Russia. In 2018, the Company expects to produce 280-300 koz.

Its key operating assets are located in the Irkutsk Region and the Republic of Sakha (Yakutia). The Company operates four mines with a total capacity of 8 mtpa of ore and holds 20 mining and exploration licenses. GV Gold boasts an extensive resource base, with JORC reserves and resources estimated at 4.4 moz and 7.0 moz, respectively.

The Company adheres to high corporate governance standards and has a transparent ownership structure, with BlackRock among its shareholders (17.99%).

For further information, please visit http://gvgold.ru