Buryatzoloto has increased the statutory capital of its daughter company Irokinda LLC from 10 thousand rubles to 1.142 billion rubles. The changes were made on January 28. Buryatzoloto owns 100% in Irokinda. All the active licenses have been transferred to the daughter company – for Zhanokinskaya field, Severniy site and the Irokindinskoye deposit. (Ukrainian metal)
The gold-extracting company Buryatzoloto has finished the procedure of increasing the statutory capital of its daughter enterprise Zun-Kholba LLC. The capital was increased from 10 thousand to 277.637 million rubles. Previously the company intended to increase the capital to 935.2 million rubles. Buryatzoloto is the only owner of Zun-Kholba LLC. (Ukrainian metal)
The gold-extractor Buryatzoloto will provide its managing company Nordgold Management LLC with a loan of 1.7 billion rubles. The interest rate is 6%. The maturity date is December 12, 2021. Buryatzoloto has an option to claim the funds earlier than that. In January-September Buryatzoloto decreased net profit 8-fold, to 45.43 million rubles. (Ukrainian metal)
The Buryatzoloto board of directors has again decided to change its daughter company Zun-Kholba LLC statutory capital. The company owns a license to develop the Zun-Kholbinskoye deposit in the Republic of Buryatia. In particular, the statutory capital will increase from the current 10 thousand rubles to 277.563 million rubles. In September the board decided to…
In 2018 Buryatzoloto, the largest gold-mining company in the Republic of Buryatia, investments totaled 1.74 billion rubles, up by 3% YoY. Most of the funds – 725 million rubles – were spent on development and new technologies of the Irokinda and Kholbinsky mines. 600 million rubles were invested in modernization of the manufacturing capacities and…
In 2016 Buryatzoloto, a part of Nordgold, decreased all its financial indexes. In particular, net profits dropped 6.9-fold YoY, to 651.32 million rubles. EBITDA also decreased 6.9-fold, to 818.761 million rubles, sales profits totaled 2.614 billion rubles, down by 22% YoY. The company revenues dropped by 10.3%, to 8.044 billion rubles. In 2016 at its…
In 2016 investments of Buryatzoloto, a part of Nordgold, totaled 1.6 billion rubles. Investments into two of its mines – Irokinda and Kholbinsky – increased by 33% YoY. Prospecting and modernization accounted for the most part of investments – 700 and 737 million rubles respectively. In particular, both mines received Sandvik mining machinery worth 129…