Interfax-Corporate News Agency (Interfax-CNA) is offering the "Russia’s Gold Industry in 2012" market survey, providing an insight in major trends in Russia’s gold industry in 2011 (gold reserves, mine, incidental, secondary gold production, output by regions and companies) as well as performance of top gold producers in (Polyus Gold, Petropavlovsk, Kinross Gold, Polymetal, Nord Gold, Highland Gold Mining, Yuzhuralzoloto, Vysochaishy). The survey also studies financial results and profitability of major gold producers.
The 53 page report, followed by 20 tables and 18 charts, is available English.
Metal Mining Industry in Russian Federation
TABLE OF CONTENTS
RUSSIA'S GOLD RESERVES. 3
RUSSIA'S GOLD INDUSTRY IN 2012 . 5
Gold production: major trends 5
Gold production by regions .. 6
Top gold producers .. 9
RUSSIA’S GOLD INDUSTRY: KEY FINANCIALS .. 11
Sales and profitability .. 11
Comparative financials of top gold producers.. 12
TOP GOLD MINING COMPANIES OPERATING IN RUSSIA .. 14
Polyus Gold 14
Polyus Gold: : overview .. 14
Polyus Gold in 2012: operations summary 15
Polyus Gold: key financials 19
Petropavlovsk 20
Petropavlovsk: overview . 20
Petropavlovsk in 2012: operations summary 21
Petropavlovsk: key financials 23
Kinross Gold (Russian operations) 24
Kinross Gold: overview .. 24
Kinross Gold in 2012: operations summary .. 25
Polymetal 26
Polymetal: overview .. 26
Polymetal in 2012: operations summary . 27
Polymetal: key financials 31
NordGold (operations in Russia) 32
NordGold: overview .. 32
NordGold in 2012: operations summary . 33
NordGold: key financials 35
Yuzhuralzoloto Group of Companies .. 36
Yuzhuralzoloto Group of Companies: overview . 36
Yuzhuralzoloto Group of Companies in 2012: operations summary 37
Yuzhuralzoloto Group of Companies: key financials .. 38
Highland Gold Mining . 39
Highland Gold Mining: overview .. 39
Highland Gold Mining in 2012: operations summary .. 40
Highland Gold Mining: key financials . 43
Vysochaishy (GV Gold) .. 44
Vysochaishy (GV Gold): overview 44
Vysochaishy (GV Gold) in 2012: operations summary .. 45
Vysochaishy (GV Gold): key financials . 47
SUPPLEMENT .. 48
Growth and profitability in Russian metals & mining in 2009-2011 48
LIST OF TABLES
Table 1 Russia's Biggest Gold Deposits .. 3
Table 2 List of the Biggest Gold Deposits Approved for Auction in Russia in 2013 . 4
Table 3 Russia's Gold Production in 2007-2012, 000’ oz . 5
Table 4 Gold Mine Production by Russian Regions in 2008-2012, 000’ oz .. 7
Table 5 Share of Russian Regions in Gold Mine Production in 2008-2012 .. 7
Table 6 Russia's Top Gold Companies in 2009- 2012, 000’ oz . 9
Table 7 Sales Revenue to IFRS of Top Russian Gold Producers in 1H2012, US$ million 12
Table 8 EBITDA of Top Russian Gold Producers in 1H2012, US$ million . 12
Table 9 Net Income to IFRS of Top Russian Gold Producers in 1H2012, US$ million . 12
Table 10 EBITDA Margin of Top Russian Gold Producers in 1H2012 . 13
Table 11 ROS of Top Russian Gold Producers in 1H2012 13
Table 12 Refined Gold Production by Polyus Gold’s Subsidiaries in 2011-2012, '000 oz 15
Table 13 Petropavlovsk’s Gold Production in 2011-2012, '000 oz 21
Table 14 Polymetal Int Operating Highlights in 2012, '000 oz 27
Table 15 Nord Gold’s Gold Production in 2012, '000 oz 33
Table 16 Highland Gold Mining Gold Production in 2011-2012, '000 oz . 40
Table 17 Growth in Sales, Operating Income, and Net Income of Industries in Metals & Mining in Russia
in 2010-2011 .. 49
Table 18 Operating Margin of Industries in Metals & Mining in Russia in 2009-2011 . 50
Table 19 ROS of Industries in Metals & Mining in Russia in 2009-2011 . 51
Table 20 ROA of Industries in Metals & Mining in Russia in 2009-2011 .. 52
LIST OF GRAPHS
Graph 1 Growth in Russia's Gold Production in 2006-2012, 000’ oz . 5
Graph 2 Breakdown of Russia's Gold Production by Sources in 2006-2012 6
Graph 3 Russia’s Gold Mining Industry EBITDA Margin in 2008-1H2012 .. 11
Graph 4 Russia’s Gold Mining Industry ROS in 2008-1H2012 11
Graph 5 Share of Polyus Gold in Russia's Gold Production in 2008-2012 15
Graph 6 Share of Petropavlovsk Plc in Russia's Gold Production in 2008-2012 21
Graph 7 Share of Kinross Gold in Russia's Gold Production in 2008-2012 24
Graph 8 Share of Polymetal in Russia's Gold Production in 2008-2012 27
Graph 9 Share of NordGold in Russia's Gold Production in 2009-2012 . 32
Graph 10 Share of Yuzhuralzoloto Group of Companies in Russia's Gold Production in 2008-2012 37
Graph 11 Share of High River Gold Mines in Russia's Gold Production in 2008-2012 . 40
Graph 12 Share of Vysochaishy in Russia's Gold Mining Production in 2008-2012 .. 44
Graph 13 Ranking of Industries in Metals & Mining by Growth in Sales in Russia in 2011 . 48
Graph 14 Ranking of Industries in Metals & Mining by Growth in Operating Income in Russia in 2011 .. 48
Graph 15 Ranking of Industries in Metals & Mining by Growth in Net Income in Russia in 2011 49
Graph 16 Ranking of Industries in Metals & Mining by Operating Margin in Russia in 2011 . 50
Graph 17 Ranking of Industries in Metals & Mining by ROS in Russia in 2011 . 50
Graph 18 Ranking of Industries in Metals & Mining by ROA in Russia in 2011 51
Companies mentioned
Polyus Gold, Petropavlovsk, Kinross Gold, Polymetal, Nord Gold, Highland Gold Mining, Yuzhuralzoloto, Vysochaishy