Mangazeya Mining Ltd.
WHTGF
Other OTC0.00
USD
+0.00
- -
ISIN
VGG579191054
Return %
Stock
S&P500
1Y
- -
26.53
3Y
-95.00
76.60
5Y
-99.97
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Mikhail Gusev
- Sector
- Basic Materials
- Industry
- Gold
- Address
- Craigmuir Chambers Road Town Virgin Islands, British VG1110
- IPO Date
- Nov 16, 2011
- Website
- mangazeyamining.ru
- Similar Companies
- Business
- Mangazeya Mining Ltd is a British Virgin Islands-based precious metals mining company primarily engaged in the exploration, development, and production of mineral properties, specializing in gold mining. The company operates gold mining projects in the Zabaikalye Territory of the Russian Federation, including the Nasedkino, Kochkovskoye, Itakinskoye, and Savkinskoye gold fields. Its core products and services encompass gold extraction and processing, mineral exploration with a portfolio that includes gold, copper, silver, lead, zinc, and antimony deposits. Founded in 2011 and headquartered in the British Virgin Islands with operational bases in Russia, Mangazeya Mining serves the precious metals market with a focus on developing high-potential mineral assets. A major recent strategic development for Mangazeya Mining is the acquisition of Joint Stock Company Polymetal, the Russian arm of Polymetal International plc, completed in March 2024 for approximately $3.69 billion. This acquisition included key assets such as the Kyzyl mining complex (comprising the Bakyrchik open-pit mine and flotation plant), and the Varvara hub (consisting of the Varvara and Komarovskoye open-pit mines, the Baksy deposit, and the Varvara processing plant). Under this deal, Mangazeya Plus, a subsidiary of Mangazeya Mining, took ownership and continued operations, including a tolling agreement for processing Kyzyl refractory concentrate at the Amur POX facility until the Ertis POX plant in Kazakhstan becomes operational. This strategic acquisition significantly expanded Mangazeya’s gold resource base, exceeding 400 tons of gold reserves, and reinforced its position as one of the top 20 Russian gold miners. The company continues to focus on systematic gold mining development, aiming for annual growth in production indicators, supported by a professional management team. It also explores prospects in other mineral resources beyond gold. Mangazeya operates within the broader Mangazeya Group, which has diversified interests including real estate development and agriculture. Its operations are concentrated in Russia’s resource-rich Transbaikal region, while the corporate headquarters are in the British Virgin Islands. This expansion via acquisition reflects Mangazeya’s strategic focus on consolidating gold mining assets and strengthening its operational footprint in Russia and Central Asia. Mangazeya Mining Ltd was formerly known as White Tiger Gold Ltd before rebranding and restructuring to its current form, reflecting the company's growth and strategic shifts in its mining portfolio. The company remains listed on the NEX Exchange and its ticker is WHTGF. It continues to explore new opportunities to increase its mineral reserves and project pipeline for sustained growth in the precious metals sector. Overall, Mangazeya Mining Ltd is positioned as a leading gold mining company with substantial resource assets and a recent landmark acquisition that marks a significant leap in its production capacity and market presence in the Russian and Central Asian mining sectors.
Mangazeya Mining Ltd. Announces That Its Subsidiary, 7918534 Canada Inc., Has Completed the Redemption of Its Exchangeable Shares
Mangazeya Mining Ltd. Announces That Its Subsidiary, 7918534 Canada Inc., Issued a Notice of Redemption of Exchangeable Shares