Polyus Gold may expand facilities at Kuranakh

Polyus Gold may consider an expansion of production facilities at the Kuranakh gold deposit in Yakutia in 1Q 2013, the company’s CEO German Pikhoya said during a conference call.

The company is planning to publish a revision on the Kuranakh reserves under JORC until the end of 1Q 2013.

Currently, processing facilities at the Kuranakh have a capacity of 3.6 million metric tons of ore per year.

In addition, the company may increase processing capacities at the Blagodatnoye deposit from six million metric tons to 8-9 million metric tons of ore per year.

Source (Russian): InvestGuru

7 0