The net profit of Russia’s gold producer GV Gold fell by 9.5% YoY, to $19 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said.
Revenue soared by 70%, to $146 million. Operating profit grew by 52%, to $43 million. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 74%, to $57 million, while net debt amounted to $177 million on June 30.
Gold sales jumped by 66%, to 113,000 ounces. The average sales price increased by 7%, to $1,323 per ounce. (Prime/Ukrainian metal)
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