Krasnoyarsk region, Eastern Siberia, Russia
Mining type

Conventional shovel-and-truck open pit operation

2023 production
2022 production
9.1 mtpaProcessing capacity
10.8 millionProven and Probable Reserves (ounces)
16 millionMeasured, Indicated an Inferred Mineral Resources (ounces)

Located in the Krasnoyarsk Territory, just 25 kilometers from Polyus’ flagship operation Olimpiada, Blagodatnoye is the Company’s third largest mine. The processing plant (Mill 4) was commissioned in 2009 and capacity was subsequently ramped up from 6 mln to 9 mln tonnes of ore per year.

In late 2020, Polyus made the final investment decision on the construction of a new mill at Blagodatnoye with a processing capacity of 8 mln tonnes of ore per year. The launch and ramp-up of Mill 5 is planned for 2025.

The project will increase Blagodatnoye’s total processing capacity to up to 17 mln tonnes of ore per year.

Together with Olimpiada, Blagodatnoye forms part of the Krasnoyarsk Business Unit (Polyus Krasnoyarsk).

Mill-5, Polyus’ largest brownfield development project