Polymetal to bring Kyzyl at 10 tons of gold in 2019, the project cost - 538 million dollars.

Polymetal Int (which combines the assets of JSC "Polymetal") plans to begin the full-scale construction of the Kyzyl gold project in Kazakhstan in Q2 2016, ore processing will begin in H2 2018, the first year of production at full capacity will be 2019, according to the company.

Gold production at the flotation factory with the capacity of 1.8 million tons per year will be an average of 325 thousand ounces (10.1 tons) of paid gold per year in the concentrate for a period of quarrying and averages 270 thousand ounces (8.4 tons) of gold in the concentrate during the service life of an underground mine.

Metallurgical recovery in the concentrate was 91% at a concentrate output ratio of 6.5%. The average content of gold in concentrate production was 10.8 g/t.