Buryatzoloto BOD decided to call a special meeting Oct. 27 to consider the preterm cancellation of BOD powers and election of new members, the company informed.
Besides, the transfer of the single executive body powers to the management company should be discussed.
Buryatzoloto (TIN 0323027345) has two mines under development (Irokinda and Kholbinsky). 80.2% or 82.87% are held by High River Gold Ltd. (HRG) performing under control of Severstal (75.06%).
The share capital is worth 186ths rub. split in 7027270 common and 413010 preferred stocks of 0.025 rub. par.
The 2013 net profit (RAS) plunged 6.81 fold to 227.817mln rub. from 1.551bn rub. prior year; revenues moved down 23.03% to 4.332bn rub. from 5.628bn rub.; profit from sales - 14.49 fold to 112.316mln rub. from 1.628bn rub.; pretax profit - 5.07 fold to 367.702mln rub. from 1.863bn rub