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  • Gold (USD) 1,246.10 +4.50
  • MOEX (RUB) 4,369.00 -5.00
  • OTC (USD) 29.59 0.00
1,763 koz of gold
produced in 2015 (2014: 1,696 koz)
424 $/oz
Total cash cost
610 $/oz
All-in sustaining cash cost
Ore processed, kt
22,743 2014
24,740 2015
Adj. EBITDA $ mln
1,011 2014
1,268 2015
6 6 operating assets: 5 hard-rock mines and alluvial operations
2,189 $ mln
Total Revenue in 2015
Lost time injury frequency rate (LTIFR) per 200k hours worked in 2015 (2014: 0.09)
Krasnoyarsk region, Eastern Siberia, Russia
Mining type

Conventional shovel-and-truck open-pit operation

2015 production
2014 production
29.1 millionProven and Probable Reserves (ounces)
33.0 millionMeasured, Indicated an Inferred Mineral Resources (ounces)
8 mtpaProcessing capacity

Located in one of Russia’s most prolific gold mining provinces, Olimpiada is Polyus largest operation. The mine began production in 1996 and currently accounts for over a third of the Company’s total gold output. The ore mined at the site is processed at two plants with a combined capacity of 8 mln tonnes of ore annually. To treat Olimpiada’s sulphide ores, Polyus employs BIONORD, the Company’s proprietary bio-oxidation technology. Successful exploration activities in the area indicate the potential for substantial extension of the life of this unique mine.