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Category Archives: Vysochaishiy

Russia: Vysochaishiy net profit down in 2023

VysochaishiyBy admin20.03.2024Leave a comment

In 2023, Vysochaishiy JSC increased revenue by 28.5% YoY, to 41.19 billion rubles. The most part of it – 33.95 billion rubles – was received from gold sales, which grew by 24.5%. Net profit fell by 59%, to 1.4 billion rubles. EBITDA totaled 19.15 billion rubles, up by 42%. (Ukrainian metal)

Russia: Vysochaishiy gold output up in Q1 2020

VysochaishiyBy admin29.05.2020Leave a comment

In January-March, Vysochaishiy increased gold output by 33.2% YoY, to 2175.7 kg. The increase is due to the growth of output by 10% and the increased gold content in ore. The main increase was provided by Irkutsk region deposit: Goletz Vysochaishiy and Verkhne-Ugakhanskiy site yielded 1640.3 kg of gold. The Drazhnoye deposit in the Republic…

Russia: Vysochaishiy down to losses in Q1 2020

VysochaishiyBy admin19.05.2020Leave a comment

In January-March, Vysochaishiy received 917.7 million rubles of net loss as opposed to a net profit of 610.2 million rubles in Q1 2019. Revenue grew by 64.9%, to 4.7 billion rubles, and sales profit – 4-fold, to 1.4 billion rubles. The company debt totaled 3.5 billion rubles. In January-March, Vysochaishiy produced 1010.7 kg of gold,…

Russia: Vysochaishiy net profit down in 2019

VysochaishiyBy admin31.03.2020Leave a comment

In 2019, Vysochaishiy received a net profit of 4.7 billion rubles, down by 24.5% YoY. Revenue dropped by 4.4%, to 20.4 billion rubles. Gold concentrate sales totaled 1.1 billion rubles as opposed to 1.7 billion rubles in 2018. Silver sales income decreased by 3 million rubles. EBITDA fell by 24.5%, to 7.7 billion rubles. (Ukrainian…

Russia: Vysochaishiy to continue prospecting in Irkustsk region until late 2021

VysochaishiyBy admin30.12.2019Leave a comment

The Department of Subsoil Use has prolonged 2 Vysochaishiy licenses to prospect at Bodaibinsky district of Irkutsk region. Thus, prospecting at the Patomskiy and Zapadniy Dokukan sites will be extended until October 15, 2021. The company bought the licenses in October 2014, and they expired on October 15. The forecast reserves of the Patomskiy site…

Russia: Vysochaishiy net profit down in January-September 2019

VysochaishiyBy admin20.11.2019Leave a comment

In January-September Vysochaishiy received 9.4 billion rubles of revenue, down by 6.2% YoY. Sales profit fell 3-fold, to 1.35 billion rubles. Net profit decreased by 24.5%, to 1.8 billion rubles. Debts as of September 30 totaled 3.49 billion rubles as opposed to 5.63 billion rubles in late 2018. (Ukrainian metal)

Russia: Vysochaishiy gold output up in 2018

gold, VysochaishiyBy admin31.01.2019Leave a comment

In 2018 Vysochaishiy mined the record volume of gold – 304.3 thousand ounces, up by 36% YoY. New objects, commissioned last year, improved the output results, in particular, Taryn in the Republic of Sakha and Ugakhan in Irkutsk region. They yielded 55 thousand ounces and 56.9 thousand ounces respectively. Another gold-mining record was set at…

Russia: Vysochaishiy to sell gold and silver to Lanta-Bank

gold, VysochaishiyBy admin02.01.2019Leave a comment

Vysochaishiy has signed an agreement with Lanta-Bank to sell it 1769 kg of gold and 509 kg of silver this year. The estimated cost of the deal is 4.8 billon rubles. In January-November 2018 the company extracted 3826.9 kg of gold at its deposits. Its JORC reserves in Irkutsk region and the Republic of Sakha…

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