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Grachev explained that the new deposit secures Polyus’ position as the world’s second-biggest gold mining company by attributable reserves. Last month, Polyus agreed to pay $128.2 million to buy the remaining 22 percent stake in the giant deposit.
Polyus is the largest gold producer in Russia with assets in the Krasnoyarsk territory, Irkutsk and Magadan regions, and in the Republic of Sakha (Yakutia). In 2019, the company produced 2.8 million ounces of gold, and plans to produce the same amount in 2020.
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