In July Pavlik gold-extracting company mined 400 kg of gold at the Pavlik deposits in Magadan region.
In January-July output totaled 3700 kg.
Till the end of the year the company intends to mine 3300 kg of gold, thus reaching the target of 7 thousand kg of gold. In case the annual target is reached, output will increase by 7.7% YoY.
At present the company operates one gold-extracting factory with the capacity of 4 million tons of ore (8 tons of gold) per year at the deposits. By the end of 2019 it is planned to have commissioned another factory, thus increasing output to 13 tons of gold.
Pavlik has been developing the deposits since 2008. (Ukrainian metal)