Polymetal To Launch Development Of The Svetloye Gold Ore Deposit On July 13

Polymetal on track for full year as gold sales grow

On July 13, Polymetal will hold a ceremony to commission the Svetloye gold deposit in the Okhotsk district of the Khabarovsk region, the press centre of the regional government reported.

Currently, the mine operate the processing plant, coal-fired boiler capacity of 6 MW, autonomous generators, analytical laboratory, field camp, administrative building, auxiliary premises.

According to the company, ore reserves Light evaluated in accordance with JORC Code 2012 at 7.3 million tonnes of ore with a gold content of 2.8 g / t. Power plant – 1 million tons of ore per year. Processing Technology – heap leaching. According to the results of work in 2016 on the field, the company produced 727 kg of gold. When the designed mode of average annual production on a light amount to about 2.5 tonnes of gold per year, according to a release from the regional administration.

About Polymetal International PLC

Polymetal International plc is a gold and silver mining company operating in Russia, Kazakhstan and Armenia. The Company operates through nine segments: Voro (CJSC Gold of Northern Urals); Okhotsk operations (LLC Okhotskaya Mining and Exploration Company and Svetloye LLC); Dukat (JSC Magadan Silver); Omolon (Omolon Gold Mining Company LLC); Varvara (JSC Varvarinskoye; JSC Komarovskoye Mining Company); Amursk/Albazino (Albazino Resources Ltd, Amur Hydrometallurgical Plant LLC); Mayskoye (Mayskoye Gold Mining Company LLC); Kyzyl (Bakyrchik Mining Venture LLP and Inter Gold Capital LLP), and Armenia (Kapan MPC CJSC and LV Gold Mining CJSC).