en.Wedoany.com Reported - Russian gold mining company Rize LLC (ООО «Райз») has won the auction for the placer gold deposit at the Skhodny Stream, a left tributary of the Dzhugadzhak River in the Omsukchan District of Magadan Oblast, at the starting price of 15.957 million rubles. The company was the sole bidder in the auction, and the license will be transferred at the starting price.

The mining license for this placer gold deposit was first issued in 2000, when license MAG 02920 BE was granted to Korkodon LLC (ООО «Коркодон»), but no mining operations were carried out. In 2003, the license was revoked for violating license conditions. In 2005, Magadan Oblast issued license MAG 03772 BE to Zolotinka LLC (ООО «Золотинка»), which was also revoked in 2010 for similar violations. Zolotinka LLC was the last subsoil user with rights to this deposit.

The Skhodny Stream placer gold deposit is located in the Omsukchan District of Magadan Oblast, an area with low economic development, lacking permanent roads and energy infrastructure. Transportation to the district center of Omsukchan (approximately 300 km south of the deposit) is only possible via temporary winter roads.

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