News and Press-releases

GV Gold won bidding for the ‘Svetlovskoye Ore Field’ site

On 30th October 2018 GV Gold (PJSC ‘Vysochaishy’) won bidding for the geological study, exploration and extraction of gold from the hardrock (ore) deposits at the ‘Svetlovskoye Ore Field’ site, located in the Bodaibo area of the Irkutsk Region.

P1 Category of resources of the ‘Svetlovskoye Ore Field’ site amount to 61 tonnes and the P2 Category of resources total 59 tonnes.

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%).

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