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News and Press-releases

GV Gold Entered the Global TOP 25% of Best Working Conditions Companies in Metals & Mining

GV Gold (Vysochaishy, PJSC), together with its subsidiaries (hereinafter referred to as “GV Gold”, “Vysochaishy” or the “Company”), one of Russia’s largest and fastest-growing gold mining companies, completed the first diagnostics of compliance with the requirements of Responsible Mining Foundation (RMF).

The diagnostics was conducted by an independent consulting company Micon International Ltd. According to the report, GV Gold entered the global TOP 25% metals and mining companies with the best working conditions, and the global TOP 30% metals and mining companies with the best environment responsibility and business conduct practices. Consultant also remarked GV Gold’s lifecycle management is at industry median level, and the Group has high level of emergency preparedness and response, which was successfully demonstrated in 2020 - in a short time business processes were reshaped to prevent the spread of the new coronavirus infection COVID-19 in its mine camps.

The CEO of GV Gold Vladislav Barshinov commented:

“We are glad that today more and more attention is paid to sustainable development issues, since we believe that it is the only way of building the Company that will be successful in long-term and will become a reliable partner for all stakeholders.

Our commitment to sustainable development principles allows us to stay on the pathway of stable economic growth, maintain safe working environment for our employees, develop responsible environmental management and support local communities.

High rating of the Company’s EHS provided by Micon confirms we are on a right path of development, and we confirm our commitment to follow it and enhance our approach.”

GV Gold commits to further improve its business processes and policies to strengthen the ESG matters and pay special attention to development of the regions where it operates.

Company Profile

GV Gold (Vysochaishy, PJSC) is one of the largest and fastest growing Russian gold mining companies. It develops open pit deposits and washes gold at the country’s largest alluvial deposit. In 2020, its assets produced 272 koz of gold.

GV Gold’s 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 10.5 Mtpa of ore and holds 34 mining and exploration licenses. GV Gold boasts an extensive resource base, with JORC reserves and resources estimated at 5.3 Moz and 10.8 Moz, respectively.