Khakanjinskoye LLC intends to invest 500 million rubles into the Khakanjinskoye gold deposits.
According to the company owner Peter Migalchan, the funds will be used to buy mining machinery and equipment and prospecting.
At present the deposits yield some 9.5 thousand tons of ore per month. Additional investments will increase output to 13.5 thousand tons per month, brining the term of the site development to 4.5 years from 6 years.
So far the company has invested some 650 million rubles into the deposits, where it has been operating since April 2016.
The total reserves of gold are estimated at 8 tons, with 7.8 g gold content per ton. (Ukrainian metal)