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Zapadnaya is an established, producing gold mining group focused on exploration, development and production of gold deposits in North-East of Russia and Eastern Siberia, Russia. Its business comprises a balanced portfolio including two high quality producing assets, Badran and Kedrovka, an open cut project, Alexandrovskoye, and 5 geological exploration stage projects. The Group’s operational assets at Badran and Kedrovka are well developed and have a strong track record of gold production.

Badran (the oldest asset of  the Group), Kedrovka, a high grade underground mine, and Alexandrovskoye, an open pit mine (ore mining commenced in H2 2013), have considerable exploration upside. Also, Zapadnaya group of companies has a range of licenses for gold deposits with big geological potential being at the stage of exploration and evaluation. 

The Group has over 35 years of operational experience of gold mining in the Republic of Sakha (Yakutia), where one of its producing assets is located. The management team comprises a blend of technical know-how, operational expertise, local knowledge and corporate experience.

Financial Summary

  Audited Results – Year Ending 31 December
  2014 2015 2016
       
Gold Production (oz) 82 938 92 810 109 351
Gold Sales (oz) 95 622 92 810 109 055
Revenue (US$000) 117 536 101 792 135 465
EBITDA (US$000) 22 267 35 016 54 970
EBITDA Margin 18.9% 34.39% 40.98%
Net Profit/(Loss) (US$000) (77004) (13513) 53 636
Net cash from operations (US$000) 29 013 20 613 46 374

Russian classification Reserves and Resources, as at February 01, 2017

Project Reserves Resources Total
  Tonnes Ounces Tonnes Ounces Tonnes Ounces
Badran 13.6 437 250 15.7 504 766 29.3 942 016
Bazovskoye     182.0 5 851 432 182.0 5 851 432
Bazovskiye placers 1.5 48 226     1.5 48 226
Kedrovka 8.2 263 636 23.0 739 467 31.2 1 003 103
Vitimkonskiye areas     19.9 639 799 19.9 639 799
Alexandrovskoye 21.6 694 456     21.6 694 456
Alexandrovskoye flanks     20.0 643 014 20.0 643 014
Alexandrovsko-Davendinskaya area     78.0 2 507 756 78.0 2 507 756
Borovoye     73.0 2 347 003 73.0 2 347 003
Total 44.9 1 443 568 411.6 13 233 237 456.5 14 676 805

Principal Corporate Structure

 

 

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