Pavlik Gold Company, operating at the deposit of the same name in the Magadan region, has concluded a 7-year agreement with Gazprombank Leasing on the purchase of mining machinery.
The machinery will be purchased due to the increased capacity of the factory (from 5 to 10 million tons per year).
Until 2022 gold output is expected to increase to 12 tons.
The combined cost of the machinery under the agreement is 500 million rubles. The machines will be supplied in 2020. (Ukrainian metal)