Conventional shovel-and-truck open-pit operation
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.