Highest GV Gold

Performance indicators

2024: 9th place in gold production in Russia - 7.8 tons

In April 2025, TAdviser prepared an infographic dedicated to the largest gold mining companies in Russia in 2024. Read more here.

History

2021: UMMC bought the company "Highest"

On November 1, 2021, it became known about the sale of the Highest company of the Ural Mining and Metallurgical Company (UMMC). The latter sent a corresponding petition to the Federal Antimonopoly Service. Its participants did not disclose the financial and other parameters of the transaction.

The possibility of acquiring GV Gold was considered by the Chinese company Fosun, the structures of billionaire Roman Trotsenko Kazakh and businessman, Kenesa Rakisheva writes "." Interfax According to the source of the news agency, gold miner the former top manager PEAK Vladislav Sviblov also thought about the purchase.

UMMC bought one of the largest gold miners in Russia

The sale of the "Highest" became known a few months after the company officially announced plans to go public. The corresponding statement was made on March 15, 2021, but on March 26, one of the largest gold miners in Russia announced the postponement of the IPO for an indefinite period "due to the increased level of market volatility both in the global and Russian capital markets."

According to RBC, the "highest" planned a listing on the Moscow Exchange and hoped to attract about $500 million thanks to this transaction. The company was estimated at about $1.5 billion, the publication wrote.

Before the deal with UMMC, the main shareholders of the "Highest" were Sergey Dokuchaev, Natalia Opaleva and Valerian Tikhonov (more than 61% of the shares in the aggregate), as well as the American fund BlackRock (18%). By the beginning of November 2021, "Highest" is one of the ten largest gold mining enterprises in Russia. The company operates in the Irkutsk region and Yakutia, where production assets are located and geological exploration is carried out by UMMC - the largest zinc producer in Russia, as well as the country's second enterprise in terms of copper production.^[1]

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