Krasnoyarsk region

Olimpiada

Located in one of Russia’s most prolific gold mining provinces, Olimpiada is Polyus Gold’s largest operation. The mine began production in 1996 and currently accounts for over a third of the Company’s total gold output. The ore mined at the site is processed at two plants with a combined capacity of 8 mln tonnes of ore annually. To treat Olimpiada’s sulphide ores, Polyus Gold employs BIONORD, the Company’s proprietary bio-oxidation technology. Successful exploration activities in the area indicate the potential for substantial extension of the life of this unique mine.
 
Key facts
• Location – Krasnoyarsk region, Eastern Siberia, Russia
• 2011 production – 566 thousand ounces
• Gold reserves (proven and probable) - 32.1 mln ounces
• Gold resources (measured, indicated and inferred) – 47.5 mln ounces
• Mining type – Conventional shovel-and-truck open-pit operation

Blagodatnoye

Located only 25 kilometres away from Polyus Gold’s flagship operation, Olimpiada, Blagodatnoye is the Company’s second largest mine. Commissioned in July 2010, it boasts a processing capacity of 6 mln tonnes of ore per year, which makes it the largest ore processing plant in the Russian gold mining sector. With a planned expansion of the plant capacity to 8 mln tonnes of ore per year, Blagodatnoye has the potential to increase its output to 450 thousand ounces per year.

Key facts
• Location – Krasnoyarsk region, Eastern Siberia, Russia
• 2011 production – 363 thousand ounces
• Gold reserves (proven and probable) - 9.9 mln ounces
• Gold resources (measured, indicated and inferred) – 13.1 mln ounces
• Mining type – Conventional shovel-and-truck open pit operation

Titimukhta

Titimukhta is an efficient medium-sized operation, located in close proximity to Olimpiada, Polyus Gold’s largest mine. Titimukhta was commissioned in 2009. In May 2012, Polyus Gold completed an expansion programme which increased the mine throughput to 2.4 mln tonnes of ore per year.

Key facts
• Location – Krasnoyarsk region, Eastern Siberia, Russia
• 2011 production – 109 thousand ounces
• Gold reserves (proven and probable) - 2.2 mln ounces
• Gold resources (measured, indicated and inferred) – 3.0 mln ounces
• Mining type – Conventional shovel-and-truck open-pit operation