RG Gold presently operates the Raygorodok deposit in northern Kazakhstan, one of many nation’s largest mines with 5.9 million ounces of gold reserves, primarily based on the JORC Code. Its output is about to exceed 50,000 ounces this 12 months.
The corporate is majority owned by Verny Capital, a Kazakh non-public fairness group, which has been its shareholder since 2015. Useful resource Capital Funds (U.S.) additionally holds a 35% stake in RG Gold.
“The launch of the brand new processing plant is a key milestone for RG Gold. It’s underpinned by the best world business requirements utilizing the newest innovation and technical experience from Useful resource Capital Funds, our strategic accomplice,” Bulat Utemuratov, the important thing investor in Verny Capital initiatives stated in a information launch. “
The brand new plant permits us not solely to quadruple RG Gold’s total output, however importantly, it additionally gives the chance to spice up funding within the area.”
“We invested in RG Gold in 2018. It was the primary time that we invested in Kazakhstan as a agency, and from the very starting of the due diligence course of, we had been impressed with the standard of the individuals, the standard of the establishments, and the dedication from everybody to do mining in a really environmentally pleasant manner and with one of the best curiosity of all stakeholders in entrance of all the things else, particularly for the native communities,” Martin Valdes, accomplice at Useful resource Capital Funds, added.