Olimpiada Mine

9% year-on-year growth of Olimpiada output in 2006 was a result of the further upgrade of the sulfide ore processing technology, including polishing the proprietary bio-oxidation technology. The launch of Mill-3 in 2007 at Olimpiada mine will add 5 million tonnes of ore to the current sulfide ore processing capacity.

Kuranakh Mine

Kuranakh mine was acquired in September 2005 and was consolidated into Polyus Gold output starting from 4Q 2005. In 2006 the mine made its substantial contribution into the Group’s increased gold output. Efforts made in 2006 to optimize the operations of the mine are expected to result in increase of gold output in the coming years.

Zapadnoye Mine

Further upgrades of mining and processing technologies at the mine lead to doubling of the gold output of Zapadnoye mine in Irkutsk region.

Alluvials

The reduction in output at alluvials in Irkutsk region was mainly caused by decrease in prepared alluvial reserves and lower grades of the washed sands as well as worse weather conditions comparing to the previous years. Technological improvements and further exploration at alluvial deposits will provide for stabilization of gold output in the coming years.

Source: the official web-site of the company.