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News and Press-releases

GV Gold Commenced the Svetlovskoye Mine Designing

Irgiredmet, with an extensive track record of efficient cooperation within the framework of the Vysochaishy and Ugakhan Mines designing, was chosen a partner of the project.

In accordance with the updated JORC-compliant estimation as of 01.01.2021, the P&P reserves of the Svetlovskoye deposit are estimated at 0.66 Moz of Au, the M,I&I resources — at 1.36 Moz of Au.

The Svetlovskoye ore field is located in the Bodaibo District of the Irkutsk Region — the traditional area of GV Gold’s operations. The area of the site is 40 km2. The license was granted in 2018 and has the term of 25 years.

Company Profile

GV Gold (Vysochaishy, PJSC) is one of the largest and fastest growing Russian gold mining companies. It develops open pit deposits and washes gold at the country’s largest alluvial deposit. In 2020, its assets produced 272 koz of gold.

The Company’s key operating assets are located in the Irkutsk Region and the Republic of Sakha (Yakutia). The Company operates four mines with a total capacity of 10.5 Mtpa of ore and holds 38 mining and exploration licenses.

GV Gold boasts an extensive resource base, with JORC reserves and resources estimated at 5.3 Moz and 10.8 Moz, respectively.