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Quick facts

Location Chukotka Autonomous Territory, Russian Far East
Mining Underground
Processing 850 Ktpa Flotation followed by POX/CIL or concentrate offtake
Ore reserves (JORC)* 2.0 Moz GE, 8.8 g/t average grade
Mineral resources (JORC)* 4.1 Moz GE, 9.9 g/t average grade
Production start date Q2 2013
Life of mine 2022

FY 2013 Results

Production FY2013 48 Gold (Koz)
Adj EBITDA FY2013 US$ (4) M
Capex FY2013 US$ 54 M
TCC FY2013 US$ 957/oz (GE)

* GE = gold equivalent. Ore Reserves and Mineral Resources are in accordance with the JORC Code (2012). Mineral resources are calculated in addition to ore reserves

Overview

Mayskoye, a high-grade refractory gold deposit, is one of the top five deposits in Russia in terms of gold resources. Mayskoye is a relatively new project which consists of an underground mine operating since 2010 and a 850 ktpa on-site flotation concentrator started up in 2013.

Primarily the refractory ore is processed by conventional flotation on site, the concentrate produced is then shipped to third-party off-takers or to Amursk POX plant where gold dore bars are produced using pressure oxidation and cyanidation technologies.

Location

Chaun district of the Chukotka Autonomous Territory in north-eastern Russia.

The deposit is accessible all year round via 187 km of improved unpaved road from the town of Pevek which is a major seaport operating from July to early November.

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Click here to view zoom image Mayskoye map