Kolymskaya Rossyp merged two sites

23 Aug 2016
Kolyma Rossyp CJSC won the auction for two sites of placer gold in the Magadan region, follows from the materials on auction results.
In particular, with only one opponent - Praktik i K CJSC - the Company won bids for the sites: 
  • the Chedok Stream and its tributaries - right tributary of the Dzhegdyan River in Srednekansk area. The area is 11.4 sq. km. Balance reserves of C1 amount to 98 kg, inferred resources P1 - 210 kg. License is for 15 years. With the starting payment of 3.7 million rubles, Kolyma Rossyp offered for 4.07 million rubles for the facility.
  • the Lenivy Stream and its tributaries - the right tributary of the Hudzhak River in Susumansky area. The area is 9.7 sq. km. Balance reserves for open mining C1 amount to 28 kg, for underground mining C1 - 360 kg, the estimated resources for underground mining P1 - 20 kg. License is for 15 years. With the starting payment of 8.8 million rubles, Kolyma Rossyp offered 9.68 million rubles for the facility.
Source: Uncommercial joint ownership "Trans-regional Association  of precious metals producers"