The board of directors of Susuman Mining and Processing Works “Susumanzoloto” has decided to take a loan of 3.5 billion rubles from Sberbank.

The funds will be spent to finance gold mining in 2019.

Since 2017 the company has been constructing a mining and processing works at the Shrumovskoye deposits in Magadan region.

The commissioning is scheduled for H1 2019. The first gold will be obtained in late 2019.

As of June 30, the cost of net assets of Susumanzoloto reached 7.582 billion rubles. (Ukrainian metal)

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