About AMUR ZOLOTO

Amur Zoloto (LLC) is one of the 20 largest Russian gold mining companies by gold production volumes and it is wholly-owned by the AZ shareholders. The mineral assets of Amur Zoloto comprise of a number of developing and operating gold mines (both hard rock and alluvial). Gold production in 2019 amounted to 52 koz at total cash costs of US$882/oz, and all-in sustaining cash costs of US$1,054/oz.

The Company is a promising producer of gold in Khabarovsk Region, one of the most developed gold-mining regions of Russia. Over 2015-2019, Amur Zoloto successfully developed a number of mines leading to an increase in production from ~650 kg (21 koz) of gold in 2015 to ~1.6 tonnes (~52 koz) in 2019 with a gradual expanding of its reserve base.

Most recently, the company also commissioned new processing capacity of ~130 kt of ore per annum at the Yubileiny Complex and has planned to commission heap leaching plant within its Perevalnoye Complex to process low-grade copper ore.

Sustainable Development

As part of its production activities in the main areas of environmental safety and protection, Amur Zoloto (LLC) seeks to meet all Russian requirements, as well as regional requirements, where Amur Zoloto (LLC) conducts its production activities.

The measures aimed at protection of the environment and reduction of adverse impact are implemented for the purpose of preservation and protection of favorable environment, remedy of environmental consequences of industrial activity, rational use of natural resources, protection of health of the public, ensuring accident-free production.