Lenskaya Gold Mining Co (LZRK), the group’s subsidiary, acquired the exploration and production license for Mukodek deposit in Irkutsk region. The final price of the acquisition amounted to 5 750 000 rubles.

Mukodek deposit is located 220 km south-west from the city of Bodaibo in Irkutsk region. Its resources comprise some 580k oz and may grow up to 2.1 mln oz after further exploration.

Polyus Group President Eugene Ivanov said that the acquisition of Mukodek is fully in line with the Company’s long term strategy to maximize its reserves