PAO "Gai Min and process" ORD

PAO "Gai Min and process" ORD

MMOEX:GGOK
55,000.00
RUB
+2,990.00
(+5.75%)
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

CEO
Gennady Gennadevich Stavsky
Sector
Non-energy minerals
Industry
Other metals/Minerals
Address
Gai Russian Federation
IPO Date
May 17, 2004
Website
ggok.ru
Business
PAO Gaisky Mining and Processing Plant, also known as Gaisky GOK, is a Russian mining and metallurgical enterprise engaged in the extraction and processing of copper-pyrite ores. The company operates as a key raw material extraction subsidiary of the Ural Mining and Metallurgical Company (UMMC) group. Gaisky GOK produces and supplies mineral concentrates, non-ferrous metals, and industrial materials, offering a product portfolio that comprises flotation copper concentrates containing commercial grades of copper, associated gold, and silver; zinc concentrates for zinc smelting facilities; pyrite concentrates used in chemical and metallurgical manufacturing; crushed stone and construction aggregates produced from overburden and mine waste rock; and specialized industrial limestone and lime products. The company also provides industrial services, including underground and open-pit contract mining; geological exploration and mineral surveying; ore beneficiation and flotation processing; mine construction and shaft sinking; and industrial waste management. Founded in 1959, Gaisky GOK is headquartered in Gai, Orenburg Oblast, Russian Federation, and conducts mining operations primarily across the Gai ore deposit and satellite deposits in the Southern Urals region. In recent developments, Gaisky GOK has advanced a major capital investment and modernization program aimed at developing deep underground horizons below the 1,300-meter level, expanding annual underground mining capacity to over 9.5 million metric tons of ore. The company has completed technical reconstruction and commissioning of hoisting complexes at the Novaya and Severnaya-Ventilyatsionnaya shafts, upgraded its fleet of underground self-propelled drilling and haulage equipment, and implemented modernized flotation cells and automated reagent metering systems at its processing plant to optimize copper and zinc recovery rates while transitioning its supply chain toward domestic and alternative-market industrial components.