Development projects

Holding one of the world’s largest gold reserve base, Polyus Gold is well-positioned to convert it into gold production given the Company’s strong financial position and excellent track record of commissioning new mines. Polyus Gold existing development pipeline includes several projects in various stages, one of which, Natalka, is among the world’s largest untapped gold deposits. Currently under construction, Natalka has the potential to eventually reach the level of 1.5 million ounces of annual gold production.

Natalka

Located about 400 km away from the sea port of Magadan in the Far East of Russia, Natalka is one of the largest undeveloped gold deposits in the world. The mine is expected to have the processing capacity of 10 mln tonnes of ore and approximately 500 thousand ounces of gold production annually at the launch of its operations. Following a stage by stage increase of the mill throughput to 40 mln tonnes of ore annually, Natalka may potentially expand its production up to 1.5 mln ounces of gold per year.

Key facts

  • Location – Magadan region, Far East, Russia
  • Stage - Construction
  • Gold reserves (proven and probable) – 31.6 mln ounces
  • Gold resources (measured, indicated and inferred) – 59.7 mln ounces
  • Mining type – Conventional shovel-and-truck open-pit operation