Krasnoyarsk region, Eastern Siberia, Russia
Mining type

Conventional shovel-and-truck open-pit operation

2020 production
2019 production
24 millionProven and Probable Reserves (ounces)
49 millionMeasured, Indicated an Inferred Mineral Resources (ounces)
14 mtpaProcessing capacity
1 Including gold in concentrate
2 Including gold in concentrate

Located in one of Russia’s most prolific gold mining provinces, Olimpiada is Polyus’ largest operating asset. The ore mined at the site is processed at three mills, with a combined capacity of over 14 mln tonnes of ore per year. Polyus uses BIONORD, the Company’s proprietary bio-oxidation technology, to treat Olimpiada’s sulphide ores.

Olimpiada’s development program envisages the expansion of its processing capacity up to 15 million tonnes of ore per year.

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