Board of Directors of Yuzhuralzoloto decided to place up to 30 bln shares by public subscription. Company called the decision a "technical moment" to approve the prospectus, which will be valid for 12 months and will provide flexible conditions for making decisions on the transaction.

Yuzhuralzoloto's IFRS net profit for 2023 amounted to ₽0.7 billion, against a loss of ₽20.1 billion in the previous year. Revenue increased by 18.9% to ₽67.8 billion against ₽57 billion a year earlier.

Yuzhuralzolot's RAS loss for 2023 amounted to ₽5.454 billion, down 3 times from ₽16.323 billion in the previous year. Revenue increased 13.3% to ₽33.897 billion vs. ₽29.915 billion a year earlier.

UGC expects to increase production by 20-30% by the end of 2024, the company's CFO Artem Kletskin said. Significant part of the increase will be provided by Vysokoye deposit, where production will amount to about 2.5-3 tons. Start of production at the deposit is scheduled for March. Commissioning at the Vysokoye gold extraction plant will be completed by the...