Amur Zoloto (LLC) is one of the 20 largest Russian gold mining companies by gold production volumes. Amur Zoloto (LLC) is a subsidiary of Kopy Goldfields AB (publ), a Swedish limited liability company publicly traded at First North stock exchange in Stockholm. The mineral assets of Amur Zoloto comprise of a number of developing and operating gold mines (both hard rock and alluvial). Gold production in 2020 amounted to 53 koz at total cash costs of US$836/oz, and all-in sustaining cash costs of US$1,096/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 (~53 koz) in 2020 with a gradual expanding of its reserve base.

Most recently, the company also completed and commissioned the modernisation and extension of the Yubileyniy Complex, which almost doubled the processing capacity from 130 to 250 kilo tonnes of ore per annum . At year-end 2021, the construction work of the new heap leach plant at Perevalnoe Complex was completed. The plant is planned to be commissioned in Q2 2022.

Sustainable Development

Environmental, social and governance issues guide the “how” of Amur Zoloto’s operations, and they have been moved to the top of the company's growth agenda. Amur Zoloto are committed towards best ESG practices and is taking a holistic approach to the impact that the company's activities have on all stakeholders and understanding what can be done to create value and meet their expectations. This is not only to fulfil the relevant regulatory requirements but because this is part of stepping up to the obligations of a world-class mining company – a pre-requisite for Amur Zoloto’s growth ambitions.

As part of the Kopy Goldfields group, Amur Zoloto is convinced that exemplary governance is key to ensuring successful value creation for all stakeholders. The company puts safety and environmental protection first and manages its operations with integrity, transparency, and fairness with zero tolerance for corruption and fraud.

Updated reserves&resources, koz