Strategy

The objective of the Group is to gain a consistent level of mining of at least 50,000 ounces of gold per year through the effective development of current projects and acquisition of prospective deposits in the future.

Goals for 2017 – 2018:

  • Construction and commissioning of a mining enterprise at the Noni deposit with a production (gold) output of up to 20 thousand ounces per year.
  • Completion of a drill program in order to increase the resource base of the Noni and Bolotistoye deposits and discover new ore zones in 2016 – 2017.
  • Cash flow from operations of the mining enterprise is expected to be applied to further exploration work at the deposits owned by the Golden League Group.