High River Gold Mines Ltd HRIVF

what is value of HRG then?

[topoftheridge]

https://en.rian.ru/business/20110127/162331382.html

4.0 to 5.1 billion is the official number

[bart_dc]

If we assume HRG is 50% Nord Gold (production is 57% if I'm not mistaken but reserves are a bit lower) thenthis would lead to an implicit valuation of HRG between 2.38 and 3.03.

[diver81]

Is Severstal calculating with 70% or 100% of the shares from HRG???

[bart_dc]

they calculate with 100% imo because they consolidate HRG because they have majority...Am I wrong in assuming this?The value of HRG would only be higher if I am wrong so no problem there... :-)

[Novaman67]

Bart,They list our equity in HRG separately as non-controlling interest according to the prospectus.Basis of consolidation Subsidiaries Subsidiaries are those enterprises controlled, directly or indirectly, by the Company. The financial statements of subsidiaries are included in the Group’s consolidated financial statements from the date that control effectively commences until the date

[Novaman67]

Further to my last post......Profit/(loss) for the period/year attributable to non-controlling interest Profit/(loss) for the period/year attributable to non-controlling interest relates to the minority shareholders of High River Gold, which impacts the Berezitovy, Buryatzoloto, Somita and DevelopmentWest Africa segments and other entities of High River Gold which are not considered as a reporting