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Polymetal approves new mine in Russia's Far East

London-listed Polymetal has approved development of the US$80 million Kutyn project, a new openpit mine expected to offset declining volumes from the company’s nearby Albazino asset.

Tom Hoskyns
Polymetal's Amursk POX hub in southeastern Russia, where gold concentrate is treated

Polymetal's Amursk POX hub in southeastern Russia, where gold concentrate is treated

Pre-stripping at Kutyn, which is located in the Khabarovsk Territory in Far East Russia, will start in the third quarter of 2021, with first ore set to be mined in 2022. First gold is expected in Q2 2023....

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