Kurilgeo produced 1.6 tons of gold in 2015

​Kurilgeo (in the structure of Solway Investment Group) in 2015 produced 50.479 thousand ounces of (1.57 tons) of gold and 116.053 thousand ounces of silver at the Urup island.

The mining and processing complex Kurilgeo was launched in late 2014. In 2015 it made $65 mln of sales profit. It spent $3.5 mln for CAPEX, including for reaching the project capacity and equipment.

The production plan for 2016 is about 50 thousand ounces of gold.

Solway was issued a license for 25 years for the Ayinsky gold deposit in March 2010. The reserves of the project are assessed at 8.4 tons of gold under C1+C2, with the average gold content in ore of 3.4 g/ton. On the results of drilling in 2010, the company increased its resource base by 4.75 mln tons of gold.

The company assesses the probable resources of 21.3 tons of gold while total resources exceed 1 mln ounces (31.1 tons) of gold.