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Gold mining project (exploration and production)
Industry:
Mining
Stage:
Brownfield
Location:
Karagandy, Almaty and Zhambyl regions
TBD
US$ million
Investments needed
kg of gold
Test production capacity 2018
240
7
gold-bearing ore areas
tons (P1+P2)
gold reserves
533
Key Highlights
1
Despite the overall adverse effect of COVID-19 pandemic over the global mining operations, gold prices have risen for 33% in 2020 as compared to 2019 and are projected to sustain on $1700-1800 per Oz in the coming 2-3 years
2
In the mid-term, gold prices are forecasted to keep high, fueled by investor’s desire to seek safe-haven assets at times of economic recovery. Long-term gold price forecasts also remain largely optimistic with the gold production levels to recoup in the 2021-2022
3
The Company is looking for a financial or strategic partner for development. Deal perimeter and sales price are subject for negotiation
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