Gold Exploration

Other Mining Divisions

The Group's strategy of development through organic growth in a short period of time has brought it from a single greenfield deposit holder to a producer operating several mines. This was possible due to the Group's advantageous position in very prospective, but still little-explored, gold provinces of Russia which benefit from long traditions of gold mining and a highly qualified work force. In 2008, the Group carried out exploration and development works on 25 licences and 22 projects.

Ore sample with visible gold

The Group intends to continue to explore and develop new opportunities within Russia with a view to monitoring its balance of producing, development and exploration assets over the mid to long-term.