Russia’s largest gold miner Polyus mentioned it’s engaged on securing 100 p.c possession of the Sukhoi Log gold deposit in Siberia, which has estimated reserves of 540 million tons of ore, containing 40 million troy ounces of gold.
In line with the agency, the undeveloped Siberian deposit is the most important on the earth. “As of Might 31, 2020, ore reserves are initially estimated at 540 million tons with a median gold grade of two.three grams per ton. That is equal to 40 million ounces,” mentioned Polyus chief govt Pavel Grachev. “This confirms Sukhoi Log’s standing because the world’s largest new and lively gold mine.”
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Grachev defined that the brand new deposit secures Polyus’ place because the world’s second-biggest gold mining firm by attributable reserves. Final month, Polyus agreed to pay $ 128.2 million to purchase the remaining 22 p.c stake within the large deposit.
Polyus is the most important gold producer in Russia with property within the Krasnoyarsk territory, Irkutsk and Magadan areas, and within the Republic of Sakha (Yakutia). In 2019, the corporate produced 2.eight million ounces of gold, and plans to supply the identical quantity in 2020.
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