Ovoca Gold Plc is a gold exploration and mine development company with a strong balance sheet and an exciting portfolio of gold properties in the Magadan region, Russia.
The Company has a successful track record of developing precious metals assets and bringing value to shareholders. At the beginning of 2009 Ovoca Gold sold its flagship asset, the Goltsovoye silver deposit, for $47.7mn, a near 200% premium to the Company’s market capitalization at the time of sale closing. The entire asset development cycle Ovoca completed on Goltsovoye, from exploration to feasibility study to financing and start of mine construction.
Ovoca Gold’s objective is to utilize the know-how and technical skills of its team to advance its Magadan assets to production and close value accretive transactions for shareholders. The Company has positioned itself to be the premier gold exploration company in Russia and the partner of choice for strategic investors/global gold miners seeking to enter the Russian market. Ovoca trades on London’s AIM under the ticker OVG, and on Ireland’s ESM under the ticker OVXA.