Verny Capital Group has signed an agreement to sell the gold mining company RG Gold, which it has managed since 2014. During this time, significant efforts have been made to develop the deposit: production infrastructure was established, modernization programs were launched, and major investments were made in equipment and geological exploration.
Since 2018, the Group’s strategic partner in the development of RG Gold has been the U.S.-based private equity manager Resource Capital Funds (RCF). Through our joint efforts, the production capacity of the company has been expanded using advanced high-tech equipment, which ensures personnel safety and enhances operational efficiency while maintaining low operating costs. Over the past 10 years, RG Gold’s resource base has tripled, reaching 7.6 million ounces according to the JORC standard.
The agreement for the sale of RG Gold was signed with Zijin Gold International, a subsidiary of Zijin Mining Group Co. Ltd., one of the world’s largest mining corporations specializing in the extraction and processing of gold and non-ferrous metals. Zijin Mining Group has a market capitalization of approximately USD 70 billion and a portfolio of over 30 projects across 17 countries. The company focuses on sustainable growth, environmental responsibility, innovation, and green technologies. Entering the Kazakhstani market, Zijin plans to apply global best practices to support the country’s economic growth and create new jobs.
In this transaction, Verny Capital and RCF were advised by leading investment banks – J.P. Morgan Securities plc and BMO Capital Markets, and a leading law firm – Herbert Smith Freehills.
