However, the figures came with a sting: due to unexpectedly high chlorine concentrations in the process water and design weaknesses, the Amursk
POX plant had to be shut down in late December and is currently operating at 60% capacity.
2m oz of gold equivalent (up 13% y-o-y), however sees moderate risk to the forecast at around 5% of the yearly target due to delays in ramping up the Amursk
Production growth will be delivered from Amursk
POX and full ramp-up of Omolon.
Polymetal announced yesterday (10 Apr) that it poured the first gold at its Amursk
POX facility on 5 Apr.
A sufficient amount of concentrate was transported from Albazino to Amursk
to be processed at Amursk
pressure oxidization plant (POX).
Kommersant reports today (18 Apr) that Polymetal may reduce its production guidance for 2011 as a result of a delay in commissioning a pressure oxidation (POX) facility in Amursk
, which was due to become operational in September this year.
In June 2011, the company schedules to start concentrate shipments to the Amursk
POX Plant, which is expected to be ready to process this concentrate from 3Q11, with the first gold poured in 4Q11.
The major Albazino-Amursk
project is also on track with a concentrating plant at Albazino expected to be fully on line in November 2010, while the Amursk
POX plant should start processing this concentrate in 2Q11.