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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

1H 2014 Results

Production 1H 2014
2.1 Gold (Koz)
Adj EBITDA 1H 2014
US$ (8) m
Capex 1H 2014
US$ 9 m
TCC 1H 2014
NM

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.

* 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

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Click here to view zoom image Mayskoye map