The subsoil usage rights for the Novodneprovsk field in the Burabay area of Akmola region were acquired by “Gold Land” LLP.
The company put into operation the Novodneprovsk pilot gold processing plant and started pilot mining of the Novodneprovsk field. These works were suspended for additional exploration and analytical surveys due to inefficiencies in the gold processing technology used.
“Gold Land” LLP proceeded with additional exploration works at the North Raygorodok field, and also began searching for the best gold processing technology to increase efficiencies, including pilot mining.
Production began in May 2010 following approval of the North Raygorodok reserves in 2008. Construction of the heap leach pad for ore processing also commenced in the same year.
October – “Orion Minerals” LLP became the holder of the subsoil use rights in the contract area.
The South Raygorodok field reserves were approved and project documentation for commercial field development was prepared.
June – “Orion Minerals” LLP created its subsidiary “Raygorodok” LLP with 100% participation interest, before the group of companies “Verny Capital” became a founder of “Raygorodok” LLP with 100% participation interest in November 2014.
On the production site of the Raygorodok field, a shift camp has been put into operation, which includes an office for 53 workplaces, a hostel for engineers at 58 places, two dormitories for workers for 160 people each, a dining room for 80 seats, a bath and laundry complex.
18 Koz in Dore alloy was produced
Smelting the first ton of gold in 2015, the company has increased its gold production by over 75% compared to 2014. To achieve this production level, the company has started production at the open pit of South Raygorodok in addition to the North Raygorodok open pit this year, and increased the capacity of crushing and screening unit and the hydrometallurgical plant.
Raygorodok” LLP was renamed “RG Gold” LLP.
32,5 Koz in Dore alloy was produced
32,7 Koz in Dore alloy was produced
Our company intends to continue exploration works in the Novodneprovsk contract area with the simultaneous development of the North and South Raygorodok fields. In the long term, we plan a significant increase of production to commercialise the approved reserves in South and North Raygorodok fields.
33 Koz in Dore alloy was produced
The global leader in the mining sector – the private equity fund “Resource Capital Fund VII” became a new investor in the project. Resource Capital Fund VII belongs to the group of funds of Resource Capital Fund (RCF) managed by the best specialists and experts in mining.
With the participation of a new investor, it is planned to build and commission the process plant with a capacity of 5 MTPA by 2022 for processing of primary ore reserves using the CIL technology.
47,5 Koz in Dore alloy was produced.
In 2019, the company developed and approved the “Report on Mineral Resources and Reserves for the North and South Raygorodok deposits” in accordance with the KAZRC Code.