SEKISOVSKOYE MINE

The Sekisovskoye deposit is located in a large industrial area of Kazakhstan near the regional center of Ust-Kamenogorsk (Oskemen). This is a well-explored gold deposit with favorable mining conditions and significant exploration potential at the existing indigenous source and from neighboring sites.
100K OZ/YR

Targeted run-rate
production for ~9 years
3.47 MOZ

Total in-site contained proved reserves of Gold (JORC 2012)
2008 YEAR

Start of open pit production
2011 YEAR

Start of underground production
The Sekisovskoye deposit was discovered in 1833 and surface mining was carried out from 1833 to 1847, from 1932 to 1935, and from 1943 to 1946. From 1975 to 1986, a complex of exploration work was carried out. Between 1978 and 1982, the artel "Altai Gold" of the Ministry of Non-Ferrous Metallurgy of the KazSSR introduced mining in the area of an oxidized primary source.
In 2003, Hambledon Mining (later renamed AltynGold Plc) owned further exploration work. The process and open - pit mining began in 2008. Today, the mining rights at the Sekisovskoye deposit belong to the 100% subsidiary DTOO GRP Baurgold, and the processing plant is owned by a 100% subsidiary of GMK Altyn MM LLP.
STATUS
The mine is in operation since 2008. The ore reserves for open-pit mining were completed at the end of 2016. The underground work began in 2011 and is currently increasing with a target production level (Stage 1) of 100,000 ounces per year.
OPERATIONAL DATA
PROJECTED CAPITAL EXPENDITURES UNDERGROUND OPERATIONS

Total

US$m

2022

US$m

2023

US$m


Prospect Drilling

2.3

1.4

0.9

Underground development

7.2

5.3

1.9

Infrastructure

5.2

0.4

4.8

Ore handling facilities

14.0

-

14.0

Teren-Sai - exploration program

0.4

0.4

-

Process plant incremental expansion

9.0

2.4

6.6

Total

38.1

9.9

28.2


MINING - PROCESSING
 

2021

2020


Crushing

T

534,426

421,040

Milling

T

541,576

420,256

Gold grade

g/t

1.97

1.58

Silver grade

g/t

1.63

1.13

Gold recovery

%

83.05

80.44

Silver recovery

%

73.54

72.81

Contained gold

oz

34,258

21,355

Contained silver

oz

28,408

15,253

Gold poured

oz

28,450

17,028

Silver poured

oz

20,891

11,180


MINING - UNDERGROUND
 

2021

2020


Ore mined

T

571,035

506,050

Gold grade

g/t

1.94

1.57

Silver grade

g/t

1.81

1.08

Contained gold

oz

35,580

25,555

Contained silver

oz

33,296

17,525


LOCATION
The Sekisovskoye is located close to the village of Sekisovka, 40km northeast of Ust-Kamenogorsk, the regional capital, in the North East Kazakhstan, with excellent local infrastructure to support exploration and production