Polymetal hails first gold pour at Amursk
Russian mining giant Polymetal celebrated its first gold pour at the Amursk POX facility last week and expects full capacity at the plant later this year.
Russian mining giant Polymetal celebrated its first gold pour at the Amursk POX facility last week and expects full capacity at the plant later this year.
Two dore bars (which hare alloys of a mixture of gold and silver) weighed 11,750g in total, containing 8,190g (263oz) of gold and 1,701g (55oz) of silver.
"I am very excited about the achievement of this crucial milestone for the POX project and for Polymetal as a whole," said Vitaly Nesis, Chief Executive Officer of Polymetal.
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"The next key achievement should be the declaration of full commercial production in September," he said.
Polymetal said that the ramp-up of the facility, located in eastern Russia, is proceeding as planned with full capacity - 250,000 tones of concentrate per year according to its website - expected to be achieved by the end of the third quarter.
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