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News and press-releases

21.11.2016

Ametistovoye MPP made its fourth ton of gold

Ametistovoye MPP, which was put into operation in September last year, made its 4th ton of gold. In less than 11 months of 2016, the enterprise melted 3.5 tons.

'We have taken a good pace right away and are nearing the year's end as expected. The teams of our enterprises are perfectly handling their goals', said Viktor Radko, General Director of "Gold of Kamchatka". 

About Ametistovoye plant:                                            

Construction of Ametistovoye mining and processing plant, which began in 2011, has brought about the largest mining enterprise in Kamchatka with an expected gold output of approx. 4 tons. It is designed to operate for 15 years at the least: the deposit's mineral reserve base is 51.8 tons of gold and 177.8 tons of silver, with a potential increment estimated at 50 tons as a minimum.

In October 2015 at MINEX, Russia's largest mining forum, Ametistovoye MPP was nominated as one of the best investment projects of 2015, and as soon as in January 2016 the enterprise made its first ton of gold.

In September 2016, Ametistovoye was the winner in "The Mining Project of the Year" of the same MINEX forum.

About:

"Gold of Kamchatka" is one of the 10 largest gold mining companies in Russia, member of Renova Group. Our company was the first to begin mining gold ore in Kamchatsky Krai, and today is the biggest producer of the metal in the region.

The company holds 9 licenses for development of gold ore deposits of Kamchatka with a total resource base of over 12M troy ounces (more than 375 tons) of gold.

"Gold of Kamchatka" management has developed and implemented a long-range exploration program provided with all necessary licenses, which warrants continuous expansion of the resource base.

One of the fundamental principles of "Gold of Kamchatka" business is sustainable natural resource management. The purpose of the company's environmental policy is to ensure caring attitude to the region's unique nature, increase the capitalization of its mining enterprises through full compliance with Kamchatka-specific environmental safety standards.

"Gold of Kamchatka" is the biggest taxpayer in the territory – several million of rubles will go to the public coffers in 2016; in addition, over 1700 jobs have been created by the company in the peninsula.

"Gold of Kamchatka", jointly with the Far East Development Fund, is working on development of the transport infrastructure.