Polyus Gold increases resource base

​On the results of 2015 “Pervenets” OJSC (in the structure of Polyus Gold Int) might extract 160 thousand ounces of gold (5 tons).

According to the company’s CEO, I. Tsykurov, the initial plan for 2015 was 151.5 thousand ounces (4.7 tons). In 2014 the company extracted 146 thousand ounces (4.5 tons). A 10% growth was planned.

In Q1 2015 the project level of gold extraction was reached -86%. In the framework of the growth of annual ore processing level, pumps at the ore preparation, enrichment and grinding shop are being replaced.

Pervenets plans to increase extraction at the Verninsky by means of increasing its resource base.

The Investment Council at the Government of the Irkutsk region in August 2014 approved the projects of Polyus Gold on the development of the Chertovo Koryto and Verninsky deposits. GOK at the Verninsky deposit is being expanded by the project o Polyus Gold. Its productivity will grow to 3.6 mln tons of ore a year, gold extraction will rise by 3.7 g/t. the company planned $240-260 mln of investment in 2016-2017.