Initial reserve estimate confirms Nezhda viability – Polymetal

LSE-listed gold and silver miner Polymetal on Monday published an initial ore reserve estimate for the Nezhdaninskoye (Nezhda) gold deposit, in Yakutia, reaffirming the project’s economic viability. Nezhda, which is the fourth largest gold deposit in Russia, is estimated to have an openpit ore reserve of 15.5-million tonnes with an average gold-equivalent (GE) grade of 4 g/t for two-million ounces of GE contained.