In 2023, Russian gold producer Pavlik increased gold output at the mine of the same name in the Magadan region by 29% to 9.288 tons (299,000 ounces), which is an absolute record for the company.
According to the Ministry of Natural Resources and Ecology of the Magadan region, an increase in production by 2.069 tons was achieved due to the commissioning of the second stage of the gold refinery plant last year.
The output of Pavlik-2 at its design capacity will allow to increase production to about 13 tons of gold per year. The total budget of the project exceeded 32 billion rubles.
The reserves of the Pavlik deposit are estimated at 150 tons of gold. The mining and processing plant at the deposit in the Magadan region was opened in 2015, and today the company is among the top 10 Russian gold miners, Interfax reports.
Alex Shishlo for Rough&Polished
