Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Polymetal Sets 2011 Targets

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. 


… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

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 you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more