GEOPROMINING GOLD PRODUCED 1 TON OF GOLD IN 2009
news.am
Feb 16 2010
Armenia
In 2009 GPM Gold in Armenia mined 476 200 tons of ore and produced
944 kg 369g of gold that equals 30 362 troy ounces.
Presently, the company mines and processes on average, 40 000 tons
of ore monthly, making 30 000-40 000 troy ounces annually, GPM Gold
press service informed NEWS.am.
Implementation of investment projects will give GPM Gold (part of
GeoProMining Group) possibility to increase mining and processing
volumes of Armenian gold ore thrice in next years, from 45 000 tons
to 150 000 tons a month.
Currently the company holds negotiations with planning organizations
on building and reconstruction of the existing plant.