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New Year - a new record Sergey Yanchukov shared his success in gold mining
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January 27, 2020 - 1:19 pm


Google Russian translation below

New Year - a new record: Sergey Yanchukov shared his success in gold mining

Monday, January 27, 2020 18:08 
New Year - a new record: Sergey Yanchukov shared his success in gold mining

The successful end of 2019 marked the equally successful beginning of 2020 - in the new decade, the Russian gold mining division Mangazeya Mining continues to set records for the production of precious metals. The results of the work and the development prospects of the company were shared by the entrepreneur, owner of the Mangazeya Group Sergey Valentinovich Yanchukov, reports  niros.ru .

Mangazeya Mining, a subsidiary of Sergey Yanchukov’s gold mining division, has been mining gold and exploration in the Trans-Baikal Territory for more than five years. In the assets of the project Savkinskoye and Kochkovskoye deposits, in the near future it is also planned to launch gold mining in Nasedkino. 

Now the company takes a modest position in the Russian market. However, for greater returns, the company uses technology from major global brands. With the launch of the new mine, Mangazeya Mining plans to take a worthy place in the top 15 Russian gold miners, said project founder Sergey Yanchukov.

Over the past year, the company has set some impressive records. For example, the revenue of enterprises, according to data for December 2019, increased by 112%, and the profitability of the project by more than 20%. Sergey Yanchukov connects the rapid growth rate with the beginning of active work at the Kochkovsky field. 

According to the financial statements, in the third quarter of 2018, gold production at the project enterprises amounted to 345.2 kilograms, in 2019 this figure increased to 500 kilograms. Also, over the past year, the gross profit of the project increased by 198%, thus surpassing the planned average Russian indicators. Sales of products also grew. For three quarters of 2018, 640.2 kilograms of precious metals were sold, in 2019, sales were able to increase to 828.5 kilograms.

According to Sergey Yanchukov, the records of the enterprises are the result of high professionalism of the team and the quality of the mines themselves: now the gold content at the Savkinsky and Kochkovsky deposits has reached 2.06 g / t.

The results of 2019 laid the foundation for a no less successful 2020. According to recent reports, the company already has something to surprise its competitors: in the new decade, Mangazeya managed to exceed the average Russian growth rate of precious metals production. According to the Union of Gold Producers of Russia, since the beginning of the year, gold production has grown by only 11%, when, as at Mangazeya, this indicator amounted to 30%.

Of course, in the process of developing enterprises, we, like everyone else, make mistakes, Sergei Yanchukov admits. Nevertheless, the team learns from them, draws conclusions and continues to move forward. By the way, Mangazeya is ahead of exploration and development of a new field. This year it is planned to launch Nasedkino, according to estimates, the enterprise will process 1 million tons of ore and mine up to 3 tons of gold per year.

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