Polyus is the largest gold producer in Russia and one of the top ten gold miners globally with the lowest cost position. Based on its 2018 Ore reserves and Mineral Resources, Polyus group ranks the third by attributable gold reserves among the world’s largest gold mining companies.
The Polyus group’s principal operations are located in Krasnoyarsk, Irkutsk and Magadan regions and the Sakha Republic (Yakutia) and include 5 operating mines, alluvial operations and several advanced development projects. One development project is Sukhoi Log, in the Irkutsk region, which is one of the world’s largest gold greenfield projects.
Polyus operates a portfolio of well-established mines characterised by efficient use of modern equipment, low-cost, large-scale processes and minimum reliance
on third-party infrastructure. Focusing on maximisation of the potential of its existing producing assets, the company is well-positioned to capitalise on low-risk cost-efficient expansion opportunities provided by its operating mines.
Located in one of Russia’s most prolific gold mining provinces, Olimpiada is Polyus’ largest operation. The mine began production in 1996 and currently accounts for over a half of the company’s total gold output. The ore mined at the site is processed at three plants with a combined capacity of 13 million tonnes of ore annually.