Business Description

Polyus, a subsidiary of Polyus Gold International Ltd, is a gold mining company. It operates six mines and one open pit in Eastern Siberia and the Far East Russia. It also holds interests in four major gold mining development and exploration projects in Russia. In FY2020, the company produced and sold 2,766 and 2,817 thousand ounces (koz) of refined gold, respectively. As of December 31, 2020, the company had total proven and probable reserves of 1,741 million tonnes (Mt) containing 104 million ounces (Moz) of gold (Au) at a grade of 1.9 gram per ton (g/t), and had measured, indicated and inferred resources of 3,578 Mt containing 204 Moz of Au at a grade of 1.8 g/t.

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Business Segments

Overview

Carries out the extraction, refining and sale of gold from various Alluvials deposits. Alluvials deposits are in the River Lena basin of the Irkutsk region.

Performance

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Overview

Conventional shovel-and-truck open pit mine, which is located at 25 kms north of Olimpiada.

Performance

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Overview

Carries out the sale of gold from the Kuranakh mine. Kuranakh mine is in the Aldansky District of the Republic of Sakha in Far Eastern Russia.

Performance

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Overview

Carries out the mining and sale of gold from the Natalka mine. Also comprises research, exploration and development work at the Natalka deposit. Natalka deposit is near the town of Omchak in the Tenkinsky District of the Magadan Region, North East Russia.

Performance

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Overview

Comprises mining, processing, and sale of gold and also research, exploration and development work at the Olimpiada deposits. Conventional shovel-and-truck open-pit mining operation, which is 500 kilometers (kms) north of the city in the Krasnoyarsk region of the Russian Federation. Operates Vostochny and Zapadny pits. Targeting improvements at several circuits for expanding the mills and recovery improvement further. Includes the launch of an alkaline leaching circuit, and commissioning of flash flotation units at Olimpiada Mills 1, 2 and 3.

Performance

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Overview

Carries out the extraction, refining and sale of gold from the Verninskoye mine. Conventional shovel-and-truck open-pit mining operation in the northern part of the Bodaibo Administrative District, Irkutsk Region. Also carries out the research, exploration and development works at Smezhny and Medvezhy Zapadny deposits.

Performance

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Performance

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