Apr. 5 at 3:48 PM
$CRML
With 40Moz gold it is smaller than Tanbreez with corrected NPV
Sukhoi Log, a greenfield project in Russia’s Irkutsk region in southeastern Siberia, is by far the world’s most valuable gold mine under development, valued at a jaw-dropping
$9 billion. Managed by PJSC Polyus, Russia’s largest gold mining company, Sukhoi Log is one of the largest gold projects globally, with gold reserves estimated at an incredible 40 million ounces. The project was consolidated by Polyus for
$128.2 million, with a gold price assumption of
$1,650 per ounce. The mine is designed for bulk open-pit mining, and the ore will be processed at the Sukhoi Log processing plant, capable of treating an average of 30 million tons of ore annually using a conventional gravity/flotation process. In 2021, Polyus conducted extensive exploration drilling, engineering surveys and began constructing the mill’s power supply infrastructure. The project’s bankable feasibility study is currently in progress.
