Republic of Sakha (Yakutiya)

Aldangold is the main subdivision of Polyus Gold in the Republic of Sakha (Yakutiya). In 2005 it produced 4,136 kg of gold, of which 1.1 tons (35 thousand ounces) was Polyus Gold’s share, obtained in the fourth quarter of 2005, after the acquisition of the company.

The program for the company development accounts for the renewal of the TEO project, the modernization of the quarry park and an increase in production with a total cost of approximately $165 mln.

Yuzhno-Verkhoyanskaya Mining Company works on the Nezhdaninskiy deposit, which is currently in the stage of experimental-industrial production. The industrial work will begin in 2010.

The program for the development of the deposit includes the renewal of the TEO project, accounting for the possibilities of bio-oxidation technology and the development of the gold extraction factory. The total investment for the project is approximated at $200 mln.

Yakutiya Mountain Company works on the Kyuchus deposit, which is currently in the stage of further exploration and development. The development program of the deposit takes into account the preparation for the pre-project exploration, the development of the TEO project and for building the factory. The sum of the investment for the project is around $150 mln.