Engineering Works At Kyzyl Gold Project To Complete In Q1 2017
The engineering works at Kyzyl gold project in East Kazakhstan region will be completed in the first quarter 2017, reports the press-service of Polymetall company.
At Kyzyl, construction activities are in line with the project schedule, with the first deliveries of processing equipment arriving on site. Permitting is 100% complete. Kyzyl remains on track to produce its first concentrate in Q3 2018.
“Polymetal continues to deliver a strong operating performance, driving solid cash flow and meaningful dividend payments. 2016 is the fifth consecutive year that the company meets its production guidance”, said Vitaly Nesis, Group CEO of Polymetal, commenting on the results. “In 2017, we will continue to focus on delivering free cash flows and dividends, moving Kyzyl towards completion, and advancing our long-term project pipeline”.