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PAVLIK GOLD ORE COMPANY

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Pavlik Gold Ore Company JSC holds a license for search, exploration and ore gold mining at gold deposit in Tenkinsky District, Magadan Region of the Russian Federation since 2007. The company successfully implemented a project to create a mining and processing plant. Construction of Pavlik mine started in 2012 and lasted about three years. At the end of 2014, started mining, the development of the deposit was started, and in April 2015, the facility started commissioning works, in June was the first gold production. In August 2015, the mine was officially commissioned. In 2021, the production capacity was 5.5 million tons of ore and 7 tons of gold. PAVLIK is one of the TOP 15 leading gold mining companies in Russia. Pavlik expansion. The company plans to complete the construction of the second stage plant by the end of 2022 and start commissioning in the fourth quarter.. Reaching the design production rate will double the gold produced.