Elconskiy Mining and Processing Works, a part of the ARMZ uranium holding, intends to start mining gold at the Severnoye deposit of uranium in Yakutia.
The plant has announced an auction for excavation works with the highest price of 750 million rubles.
Excavation work will amount to 866 cubic meters. The work has to be completed until December 20.
The C1+C2 reserves of the Severnoye deposit amount to 13.99 tons of gold (0.94 g per ton) and 91.88 tons of silver (6.25 g per ton). (Ukrainian metal)