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Quick facts

Location Sverdlovsk Region, Central Russia
Mining Open pit
Processing 950 Ktpa CIP
1000 Ktpa Heap Leach
Ore reserves (JORC)* 0.9 Moz GE, 2.7 g/t average grade
Mineral resources (JORC)* 0.6 Moz GE, 4.1 g/t average grade
Production start date 2000
Life of mine 2026

2015 Results

Production FY 2016
127.5 Gold (Koz), 0.094 Silver (Moz)
Adj EBITDA  US$ 115 m
Capex US$ 3 m
TCC  US$ 336/oz (GE)

Overview

Voro is one of Polymetal’s key gold assets, contributing stable cash returns. Located in the Russian Urals, it comprises an open-pit mine and two processing facilities: the carbon-in-pulp plant and the heap leach operations to accommodate primary ore and oxidised ore processing respectively.

The Voro mine is one of Polymetal’s original assets, acquired in 1998.

The main objective of the near-mine exploration activities is to increase the resource base and to extend the useful life of the operation, this is carried out at South Voro and Volchanka exploration areas.

Exploration projects

  • Tamunier

Location

Voro is located in the Sverdlovsk region of Russia, approximately 370 km north of the regional centre of Ekaterinburg and 25 km south of the city of Krasnoturinsk which has a population of approximately 65,000 people. There is good access from Ekaterinburg along a federal highway, which passes 7 km from the site. The industrialised and moderately populated area around the deposit is home to several large underground mines. There is a railway connection with a Group-owned spur located 18 km from the site. The site has access to a power grid station.

* GE = gold equivalent. Ore Reserves and Mineral Resources are in accordance with the JORC Code (2012). Mineral resources are calculated in addition to ore reserves

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