On June 25, Baimskaya Holding launched the placement of bonds of series 001P-02 on the St. Petersburg Currency Exchange. The total volume of the issue will be 12 billion rubles. The funds received will be used to develop Peschanka, a large copper deposits in the Chukotka Autonomous Okrug.
The face value of one bond is 1 thousand rubles, the circulation period is 18 years. The placement will take place in an open subscription format. This issue is part of the company’s bond program of 50 billion rubles.
Despite a loss of 4.35 billion rubles at the end of 2024, Baimskaya Holding is showing positive dynamics. The company’s revenue increased 4.5 times, reaching 1.23 billion rubles, and production costs decreased by 23.6%. The main income comes from sales of alluvial minerals gold.
The company’s assets also increased: non-current – up to 276.6 billion rubles, current – up to 302 billion. Invested capital exceeded 312 billion rubles, which is 68% more than in 2023.
Baimskaya Holding is a key player in the development of the Baimskaya licensed area. The project includes the construction of a mining and processing plant with a capacity of 70 million tons of ore per year. The deposit’s reserves are estimated at 2.6 billion tons of ore containing copper, gold, silver and molybdenum.
Completion of construction is scheduled for 2030, and the first production lines will begin operation in 2029. Full capacity is expected by 2031.
In December 2024, the company successfully placed its debut bond issue for 500 million rubles. The main shareholder of Baimskaya Holding (99%) is the closed mutual fund Northern Aurora.
The placement of bonds for 12 billion rubles is an important step to finance a large-scale project in Chukotka. Investors have the opportunity to support the development of one of the largest fields in Russia with the prospect of long-term profit.
The material was prepared with the support of the Russian Ministry of Education and Science as part of the Decade of Science and Technology
Source: @zolteh
