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🏢 Company Overview
Established: 1980, spun off from Russia's metal giant Norilsk Nickel in 1996.
Headquarters: Moscow.
Core Business: Gold mining and refining, assets spanning multiple resource-rich regions in Russia.
📈 Key Data
Production:
2006 gold production of 37.8 tons (up 17% year-over-year);
2024 production reaching 3 million ounces (approximately 93.3 tons), with sales of 3.1 million ounces.
Reserves:
Doubled to 50.8 million ounces (about 1,580 tons) in 2006;
Subsidiary Sukhoi Log gold mine proven reserves exceed 1,920 tons (Russia's largest gold deposit).
Financial Performance (2024):
Revenue of $7.3 billion, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of $5.7 billion (up 49% year-over-year).