Polyus reports its reserves and resources in accordance with the JORC Code 2012.
Ore Reserve estimates as at 31 December 20201,2,3
| Proved | Probable | Total | |||||||
|
Tonnes (Mt) |
Gold (g/t) |
Gold (Moz) |
Tonnes (Mt) |
Gold (g/t) |
Gold (Moz)) |
Tonnes (Mt) |
Gold (g/t) |
Gold (Moz) |
|
| Mines in Operation | |||||||||
| Olimpiada | 20 | 2.6 | 1.7 | 231 | 2.8 | 21 | 252 | 2.8 | 23 |
| Blagodatnoye | 70 | 0.81 | 1.8 | 214 | 1.5 | 10 | 284 | 1.3 | 12 |
| Titimukhta | 5.3 | 1.6 | 0.27 | 6.3 | 3.1 | 0.63 | 12 | 2.4 | 0.90 |
| Verninskoye | 16 | 1.4 | 0.70 | 68 | 1.7 | 3.8 | 84 | 1.7 | 4.5 |
| Alluvials4 | 0 | 0.0 | 0.0 | 44 | 0.38 | 0.54 | 44 | 0.38 | 0.54 |
| Kuranakh | 0 | 0.0 | 0.0 | 200 | 1.0 | 6.4 | 200 | 1.0 | 6.4 |
| Natalka | 115 | 1.6 | 5.7 | 143 | 1.8 | 8.3 | 258 | 1.7 | 14 |
| Development and Exploration Projects | |||||||||
| Sukhoi Log | 0 | 0.0 | 0.0 | 540 | 2.3 | 40 | 540 | 2.3 | 40 |
| Panimba | 0 | 0.0 | 0.0 | 5.7 | 1.9 | 0.35 | 5.7 | 1.9 | 0.35 |
| Chertovo Koryto | 0 | 0.0 | 0.0 | 62 | 1.5 | 3.1 | 62 | 1.5 | 3.1 |
| Total | 226 | 1.4 | 10 | 1,514 | 1.9 | 94 | 1,741 | 1.9 | 104 |
Mineral Resource estimates as at 31 December 20205,6,7
| Measured | Indicated | Inferred | Total | |||||||||
|
Tonnes (Mt) |
Gold (g/t) |
Gold (Moz) |
Tonnes (Mt) |
Gold (g/t) |
Gold (Moz)) |
Tonnes (Mt) |
Gold (g/t) |
Gold (Moz) |
Tonnes (Mt) |
Gold (g/t) |
Gold (Moz) |
|
| Mines in Operation | ||||||||||||
| Olimpiada | 20 | 2.6 | 1.7 | 297 | 2.9 | 28 | 209 | 2.9 | 20 | 526 | 2.9 | 49 |
| Blagodatnoye | 70 | 0.81 | 1.8 | 272 | 1.5 | 13 | 59 | 1.3 | 2.5 | 401 | 1.3 | 17 |
| Titimukhta | 5.3 | 1.6 | 0.27 | 6.1 | 3.3 | 0.65 | 0.33 | 1.4 | 0.01 | 12 | 2.5 | 0.92 |
| Verninskoye | 16 | 1.4 | 0.70 | 218 | 1.6 | 11 | 47 | 1.9 | 2.8 | 280 | 1.6 | 14 |
| Alluvials8 | 0 | 0.0 | 0 | 182 | 0.17 | 1.0 | 31 | 0.40 | 0.40 | 212 | 0.21 | 1.4 |
| Kuranakh | 0 | 0.0 | 0 | 235 | 1.0 | 7.8 | 110 | 1.0 | 3.5 | 345 | 1.0 | 11 |
| Natalka | 120 | 1.7 | 6.6 | 257 | 1.8 | 15 | 147 | 2.1 | 9.9 | 524 | 1.9 | 32 |
| Development and Exploration Projects | ||||||||||||
| Sukhoi Log | 0 | 0.0 | 0 | 668 | 2.1 | 46 | 441 | 1.5 | 21 | 1,110 | 1.9 | 67 |
| Panimba | 0 | 0.0 | 0 | 10 | 2.0 | 0.63 | 12 | 1.8 | 0.71 | 22 | 1.9 | 1.3 |
| Razdolinskoye9 | 0 | 0.0 | 0 | 35 | 2.7 | 3.1 | 8.4 | 3.2 | 0.86 | 44 | 2.8 | 4.0 |
| Chertovo Koryto | 0 | 0.0 | 0 | 67 | 1.5 | 3.3 | 7.8 | 1.3 | 0.33 | 75 | 1.5 | 3.6 |
| Bamskoye | 0 | 0.0 | 0 | 15 | 1.8 | 0.87 | 5.1 | 1.6 | 0.26 | 20 | 1.8 | 1.1 |
| Medvezhy Zapadny | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 6.5 | 1.8 | 0.38 | 6.5 | 1.8 | 0.38 |
| Total | 232 | 1.5 | 11 | 2,261 | 1.8 | 130 | 1,084 | 1.8 | 63 | 3,578 | 1.8 | 204 |
1 The estimates for all deposits are presented on a 100% ownership basis.
2 Any minor discrepancies for sums in the table are related to rounding
3 Gold price assumptions:
- US$1,350/oz for those deposits where new mining studies were conducted during 2020 (Blagodatnoye, Kuranakh, Verninskoye, Sukhoi Log, and Panimba)
- US$1,250/oz for Olimpiada, Titimukhta, Natalka, Alluvials, Chertovo Koryto.
4 For the Alluvials, cubic metres (m3) have been converted to tonnages using the general bulk density factor of 1.85 t/m3 strictly for the purpose of the summary accumulations. Gold grades have been adjusted from g/m3 to g/t accordingly. Contained gold estimates are not affected.
5 The estimates for all deposits are presented on a 100% ownership basis.
6 Any minor discrepancies for sums in the table are related to rounding.
7 Gold price assumptions:
- US$1,650/oz for deposits with new resource models in 2020 (Verninskoye, Blagodatnoye, Kuranakh, Sukhoi Log, Panimba, and Razdolinskoye)
- US$1,500/oz for Olimpiada, Natalka, Chertovo Koryto. Bamskoye, Medvezhy
8 For the Alluvials, cubic metres (m3) have been converted to tonnages using the general bulk density factor of 1.85 t/m3 strictly for the purpose of the summary accumulations. Gold grades have been adjusted from g/m3 to g/t accordingly. Contained gold estimates are not affected.
9 Measured, Indicated and Inferred Mineral Resources 2020 estimate for Razdolinskoye includes estimates for Svetloye, Zmeinoye, Antoninovskoye, and Poputninskoye deposits.