The Ukrainian Metal

Russia: Novo-Shirokinsky Mine net profit up in 2019

Novo-Shirokinsky Mine, a part of Highland Gold Mining, developing the polymetal deposit of the same name in Zabaikalye region, in 2019 increased net profit 1.5-fold, to 3.8 billion rubles.

Sales revenue grew by 15.7%, to 8.2 billion rubles, and sales profit – by 14%, to 4.8 billion rubles.

Output decreased by 5%, to 106.784 thousand ounces of gold equivalent. (Ukrainian metal)

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