MAGADAN — Polymetal plans to invest at least $10 million exploring fields in the Magadan region this year, Vitaly Nesis, head of the gold and silver miner, said Tuesday.
“We’re planning more than 50 kilometers of exploratory drilling. Major sites include the Rogovik mineralization in the Srednekansk district and the Krasin deposit in the Omsukchansk district. We’ll continue follow-up exploration at Goltsovoye,” he said.
The recovery plant at Polymetal’s Kubaka field will start to process 810,000 tons of gold and sliver ore toward the end of the summer. Polymetal also plans to invest $23 million in exploration in the Khabarovsk region.
(Interfax)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
