gold ore reserves

Yuzhuralzoloto, one of Russia’s largest gold mining companies owned by Konstantin Strukov, has recently announced a significant increase in reserves at the Vysokoye gold deposit in the Krasnoyarsk region. This exciting development comes from extensive geological exploration between 2020 and 2022, which yielded 59,369.7 kg of gold. With this increase, the reserves at Vysokoye have grown by an impressive 1.95 times, reaching 121.861 tons.


The expansion of reserves at Vysokoye is not the only positive news. Other nearby deposits in the Neubinskaya area have also witnessed an increase in reserves, providing a solid foundation for the future reconstruction of the mill. This reconstruction is expected to significantly enhance the region’s gold production capabilities, with the mill’s capacity projected to increase to 6-8 million tons per year.

Adding to the excitement, LLC Sovrudnik, a subsidiary of the South Mining Company, has recently commenced commissioning operations at the Vysokoye mine. The first stage of the mine is designed to produce 4 tons of gold, accounting for approximately 30% of SouthGC’s total planned gold production in 2023. Once the second stage is launched, the production capacity is expected to increase to 6 tons of gold by 2027.

In 2022, Sovrudnik LLC extracted 5.034 tons of gold, marking a 4.8% increase compared to the previous year. However, with the commissioning of the Vysokoye mill, the annual production is anticipated to reach up to 10 tons of gold, further solidifying YuGK’s position in the Russian gold mining industry.

gold quarry
Gold quarry

YuGK’s impressive portfolio includes various gold deposits in the Chelyabinsk Region, such as Svetlinskoye, Kochkarskoye, Bereznyakovskoye, Zapadny Kurasan, as well as exploration and pilot production licenses for Nailinskoye, Oseiskoye, Altyn-Tash, and Zaitsevskoye. Additionally, the company is involved in developing gold deposits in Krasnoyarsk Krai, including Prisk Drazhny and Sovrudnik.

This recent expansion of reserves, coupled with the ongoing successful operations, solidifies YuGK’s position as a key player in the Russian gold mining industry and ensures a bright and prosperous future for the company and the region. The increased reserves and production capabilities pave the way for continued growth and economic prosperity in the gold mining sector, benefiting the company, its stakeholders, and the local communities.

In conclusion, YuGK’s significant increase in gold reserves at the Vysokoye deposit, combined with its successful operations and growth strategies, underscores its firm position in the Russian gold mining industry. The company’s commitment to continuous exploration and development ensures its ongoing success and the economic prosperity of the regions it operates in. These recent developments and plans hold promising prospects for YuGK, reinforcing its role as a vital contributor to the country’s gold production capabilities.