U.K. Highland Gold Mining (HGM), which operates in Russia, has estimated capital expenditures on the Unkurtash deposit in Kyrgyzstan to amount to $322 million, the company said in a statement on March 20.
The field’s annual gold output is expected at 133,000 ounces, or 4.14 tons, on average with operating expenses of $616 per ounce during an 18-year lifetime. Ore processing is expected at 4 million tons with extraction coefficient of more than 80%.
“The company is considering various options of project operation, including partnership with a strategic investor,” HGM said. (Prime/Ukrainian metal)