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Polyus Gold International Ltd.
Summary
| Project: | Olimpiada | |
|---|---|---|
| Deposit: | Olimpiada Open Pit and Underground | |
| Location: | Russia | |
| Commodities: | Gold | |
| Date: | 6/5/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-6-2017: Polyus Gold International Ltd. announces a Resource Estimation report for its Olimpiada Open Pit and Underground deposit at the Olimpiada project. Updated mineral resources and ore reserves. PJSC Polyus (MOEX — PLZL) (“Polyus”, or the “Company”) | |
| Resources: | (Reserve, P+P): 316Mt @ 3.0g/t Au for 30Moz Au contained at project | |
| CP/QP: | [Resources]: Ingvar Kirchner, Mikhail Satarov (AMC Consultants Pty Ltd.;Internal) | |
| ABSTRACT: | PJSC Polyus (MOEX — PLZL) (“Polyus”, or the “Company”), the largest gold producer in Russia, announces the results of the review of the Company’s Ore Reserves and Mineral Resources as at 31 December 2016 in accordance with the JORC Code 2012. Polyus’ Proved and Probable (P&P) Ore Reserves equate to 71 moz of gold and its Measured, Indicated and Inferred (MI&I) Mineral Resources stand at 193 moz1 . Correspondingly, Polyus ranks second by attributable gold reserves (after Barrick Gold) and third by attributable gold resources (after AngloGold and Barrick Gold) among the world’s largest gold mining companies. A maiden estimate of the JORC Mineral Resources for Sukhoi Log has been made at 58 moz and included in the Group figures. The ore reserves at the asset have not yet been estimated. The following data has been drawn from the June 2017 Competent Person’s Report (CPR), on the Mineral Assets of Polyus, as prepared by AMC Consultants Pty Ltd (AMC). | |
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