The Ukrainian Metal

Russia: Polymetal estimates Nezhdaninskoye reserves at 2 million ounces

Polymetal Int has estimated the primary ore reserves of the Nezhdaninskoye deposits at 1.9 million ounces of gold and 10 million ounces of silver.

In particular, ore reserves for open-pit mining are estimated at 15.5 million tons of ore with the average gold content of 4 g per ton. Additional mineral resources are estimated at 55.9 million tons of ore with the average gold content of 5 g per ton.

The current estimate presupposes the open-pit development of the site for 11 years.

The average annual output is expected to be 150 thousand ounces of gold concentrate. (Ukrainian metal)

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