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Vladislav Barshinov is Appointed the CEO of GV Gold

GV Gold (Vysochaishy, PJSC) Board of Directors has appointed Vladislav Barshinov, former First Deputy CEO, the CEO of the Company. At the new position he will immediately focus on the operating activity of the Company.

Vladislav Barshinov has been with GV Gold for more than 10 years. Since 2016, he has occupied key top management positions — the Deputy CEO for Law and the First Deputy CEO. At the former positions Mr. Barshinov supervised the Company’s legal activity, managed the operational business processes, supervised the investment projects implementation and the development of different spheres of the Company’s operations including its participation in the social and economic programs in the regions of the Russian Federation.

German Pikhoya, who has occupied the position of the CEO since 2017, will continue his work in the Company as the member of the Board of Directors. He will supervise the strategic trends associated with further development of GV Gold and maintaining its leading positions in the industry. With German Pikhoya as its CEO, the Company has practically doubled the gold production from 164 koz in 2016 to 304.3 koz in 2018 – the industry-unprecedented ramp-up. High operating results were demonstrated by the enterprises launched in 2017: the Taryn Mine and the Ugakhan Mine, which produced 93 koz and 57 koz of gold, respectively.

Company Profile

GV Gold (Vysochaishy, PJSC) is one of the largest and fastest growing Russian gold mining companies. It develops open pit deposits and washes gold at the country’s largest alluvial deposit. In 2018, the Company achieved the production of 304 koz of gold, having practically doubled this number since 2016.

Its key operating assets are located in the Irkutsk Region and the Republic of Sakha (Yakutia). The Company operates four mines with a total capacity of 8 Mtpa of ore and holds 20 mining and exploration licenses. GV Gold boasts an extensive resource base, with JORC reserves and resources estimated at 4.4 Moz and 7.0 Moz, respectively. 

The Company adheres to high corporate governance standards and has a transparent ownership structure, with BlackRock among its shareholders (17.99%).