The cost of the construction of the second stage of the Pavlik Mining and Processing Works in Magadan region is expected to amount to 15.5 billion rubles.
The construction started in 2012. The development of the open pit began in late 2014. The first stage was commissioned in August 2015.
In 2017 Pavlik reached the maximum capacity of 5 million tons of ore and 6.5 tons of gold per year.
Since its commissioning in 2015 the works has processed 11 million tons of ore and extracted 14 tons of gold.
Over 1 thousand jobs have been created. (Ukrainian metal)