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Omchak

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Omchak 

an urban-type settlement in Ten’kinskii Raion, Magadan Oblast, RSFSR. Omchak is located on the Omchak River (Kolyma River basin), 392 km northwest of Magadan. Gold is mined in the area.



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Another 16 koz were produced through alluvial operations, while 56 koz were produced by its fully consolidated Omchak subsidiary as well as JVs.
Through FinTronics' wholly owned subsidiary, Maxing Investment Limited, the Group has entered into a conditional Sale and Purchase Agreement with Truffle Rich Holdings Limited, whereby it will acquire the entire issued share capital of Spring Vast Limited,an investment holding company that will own 80% interest in CSJC Gold Mining Company Omchak ("Omchak") for an aggregate consideration of US$300 million (the "Acquisition").
Omchak Joint Venture Production from the currently 65%-owned Omchak Joint Venture ("Omchak JV") is ahead of target for the year.
 
 
 
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