Pavlik says boosting enrichment plant capacity to cost 16 bln rbl

MAGADAN, Jun 21 (PRIME) -- Russian company Pavlik Gold estimates the cost of scaling up production of an ore enrichment plant at the Pavlik deposit at 15.5 billion rubles, as follows from the company’s documents seen by PRIME on Thursday.

“A significant increase of the reserves will allow us to raise capacity of the ore enrichment plant to more than 10 million tonnes of ore and more than 12 tonnes of gold per year,” Pavlik Gold said.

Gold reserves of the field after geological exploration are estimated at 184–186 tonnes under the C1 and C2 categories under Russian industry standards.

(63.6175 rubles – U.S. $1)

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