All news

Polyus to produce first gold at Sukhoi Log field this year — CEO

The company has already completed a huge amount of preparatory efforts to initiate development, Alexey Vostokov noted

MOSCOW, March 1. /TASS/. Polyus is going to unveil a new development schedule and updated parameters for the Sukhoi Log goldfield in the Irkutsk Region and receive first gold in the project, CEO of the Russian gold miner Alexey Vostokov told TASS.

"The Sukhoi Log is the Polyus’ project the most affected by the geopolitical situation. We head to make significant revisions in almost practically ready feasibility study and rework it on the basis of changed conditions for machinery and equipment supplies. We plan to present an updated project schedule this year," the chief executive said.

The company has already completed a huge amount of preparatory efforts to initiate development, Vostokov noted. "We started pilot production operations on the field at the turn of the last year and plan to receive first gold from the Sukhoi Log ore this year," the chief executive said. "We plan to presented updated project parameters this year," he added.