Krastsvetmet retained its leading position in the processing of precious metals
In 2018, Krastsvetmet retained its leading position in the processing of precious metals in Russia and remained one of the leading refining companies in the world. Krastsvetmet is one of the ten largest gold producers in the world, the third in platinum production, and ranks first in the world in producing palladium.
The company's revenue grew by 53% compared with 2017 and reached 32 billion rubles. Net profit increased by 52% and amounted to about 750 million rubles. Tax deductions to the consolidated budget of the region in 2018 amounted to almost 600 million rubles.
According to the refining of gold, Krastsvetmet broke its own historical record of the last year and produced 234 tons of metal. A total of 314 tons of gold were produced in Russia, which was the historical maximum for the country.
Krastsvetmet produces not only precious metals, but also products made from them. In 2018, the company produced 12 tons of products from precious metals for industrial use (+ 30%) and 8 tons of jewelry (+ 10%).