Polymetal International has started construction at its Nezhda gold project in northeast Yakutia, Russia. The life-of-mine plan includes 19 years of conventional open-pit mining from 2019 through 2037 and 17 years of underground mining from 2029 through 2045.
Average annual production is planned at 180,000 ounces (oz) during the first three full years of operation and 155,000 oz during the first 15 years. First production is planned for the fourth quarter of 2021, with full ramp-up by the second quarter of 2022.
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