Russia's Mineral Resources Agency to Auction Two Placer Gold Mines in Magadan Region on July 27
2026-06-11 15:49
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en.Wedoany.com Reported - The Federal Agency for Mineral Resources (Дальнедра) plans to auction two placer gold mines in the Magadan Region on July 27. One of the lots is the Kunkui Creek placer gold mine (including the Prazdatsam Creek tributary, left tributary of the Myakit River) located in the Khasynsky District, and the other is a mining site in the Terasovy Creek section of the Kolyma River in the Yagodninsky District.

The starting price for the license for the Kunkui Creek site, including its tributary section, is 22.591 million rubles, with a validity period of 10 years. The site has C1 category reserves of 172 kg of placer gold, covering an area of 6.95 square kilometers. The mining area is adjacent to the federal highway "Kolyma," with the nearest settlement being the village of Myakit, 16 km to the south, connected by a year-round road. The area is economically developed. The mine was previously exploited from 1993 to 2014, yielding a total of 2,044 kg of gold.

The starting price for the license for the Kolyma River site is 9.5 million rubles, with a validity period of 10 years. The site has C1 category reserves of 71 kg of placer gold, covering an area of 3.42 square kilometers, located 62 km east-northeast of the district center, the town of Yagodnoye. According to auction documents, the "Terasovy Creek section of the Kolyma River" deposit has not been previously exploited.

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