The Okhotsk Mining and Geological Company became the owner of the New Okhotsk Ore Company. As part of the deal, the rights to three license areas with significant reserves were transferred to Okhotsk GGK gold. This purchase strengthens the company’s position in the region and expands its mineral resource base.
The new asset includes the Vetvisty, Purkikit and Vysoky areas. The latter site has particularly large reserves, estimated at 37.2 tons gold. Licenses for sites are valid for a long period, which opens up opportunities for long-term planning and development of projects.
Previously, these assets were controlled by the Polymetal structure. Experts believe that the sale is caused by the company’s desire to concentrate on more mature and ready-to-launch projects. For the Okhotsk GGK, which is already producing field Kundumi has its own factory, this is a strategic acquisition. It allows you to build potential and diversify your resource base.
It is expected that the details of the transaction may be adjusted based on the results of additional geological exploration and confirmation of reserve volumes. This purchase highlights the growing interest of investors in gold mining in the Far East and strengthens the industrial potential of the Khabarovsk Territory.
The material was prepared with the support of the Russian Ministry of Education and Science as part of the Decade of Science and Technology.
Source: @dprom
