GV GoldТs output rises 36% to 304,000 ounces in 2018
MOSCOW, Jan 28 (PRIME) -- Gold output of GV Gold rose 36% to 304,300 ounces in 2018 thanks to higher efficiency on all facilities and as the plants on Taryn and Ugakhan reached their design capacity, the company said in a statement on Monday.
Sales grew 37% to 299,000 ounces with the average price amounting to U.S. $1,255 per ounce, and revenue rising 32% to $357 million.
GV GoldТs net debt amounted to $72 million as of the end of 2018, more than halving on the year.
In 2019, the company plans to produce 305,000Ц325,000 ounces of gold.