Yuzhuralzoloto Group did not purchase its own shares as part of the stabilization measures. As a result, the company will use up to ₽1 billion, which was reserved for the stabilization program, for debt reduction and general corporate purposes. All proceeds from the equity offering are also earmarked for debt reduction and general corporate purposes. Company intends to reduce its net debt to EBITDA ratio to 0.8x over the next three years.
Warning BlackTerminal uses cookies in order to personalize and improve the usability of the service. If you do not want to use cookies, please change your browser settings. Accept