Matrosov Mine, the group’s subsidiary, acquired exploration and production license for Degdekan deposit in Magadan region. The price of the license paid in open auction is 33 million rubles.

Degdekan deposit is located some 460 km north-west from Magadan and only 60 km away from the giant Natalka field developed by Polyus. Degdekan contains some 190 tons of gold in resources. Polyus Group President Eugene Ivanov said to the media, “The acquisition of Degdekan will substantially add to the group’s reserves base in Magadan region by creating synergy with the Natalka project”.