Russia’s leading gold producer, PJSC Polyus, has reported the results of a scoping study of its open-pit Sukhoi Log gold project in eastern Russia that supports a project producing an average of 1.6 million ounces per year (oz/y) of gold over a mine life of 35 years. Project development costs are estimated at $2 billion to $2.5 billion, and total cash costs of production are estimated in the range of $420/oz to $470/oz of gold produced.
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