The Ukrainian Metal

Russia: Durminskoye deposits development to cost 3 billion rubles

The project on the development of the Durminskoye gold-silver deposits will require 3 billion rubles.

“We are prepared to start developing the site this year. But now the issue of financing is critical. We’re negotiating with a potential investor”, the Eastern Mining-Ore Company LLC CEO Anatoly Petukhov said.

By 2018 the company has carried out all the prospecting works at the deposits and registered 8.6 tons of gold and 124 tons of silver reserves.

Eastern Mining-Ore Company LLC owns two licenses: for the Koreysky site until December 31, 2029 and for the Durminskoye deposits until December 31, 2025. (Ukrainian metal)

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