Krasnoyarskgeologiya plans to increase production by 12.5% in 2016

31 May 2016

According to the annual report of the company, Krasnoyarskgeologiya OJSC is planning to mine not less than 350 kg of gold in 2016 which is 12.5% more than in 2015. Last year the company extracted 311.2 kg of gold (1.7-fold reduction as opposed to 2014), and implemented 344.4 kg (1.4-fold reduction). Total revenues of the company amounted to 1.31 billion (8.9% decrease), including 755.7 million from gold sales (1.8% decrease), 457.6 million from contractual exploration performing (a decrease of 17.5%). The revenue declined by 8.3% to 1.227 billion, and net profit by 9.9% to 89.7 million. In 2015, Krasnoyarskgeologiya invested 89.2 million rubles in the development, which is slightly (0.1 percent) higher than in a previous year. The investment in geological prospecting work included amounted to 48.3 million (29.5% increase), and 37.2 million rubles in the production of gold (21.2 % decrease).