Mars LLC Wins Stalnoye Gold Mine Rights for 21.065 Million Rubles
2026-07-01 14:25
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en.Wedoany.com Reported - On July 1, 2026, the Russian Far East Subsurface Resources Administration (Dalnedra) concluded an auction for the rights to use the Stalnoye deposit in the Yagodninsky District of Magadan Oblast, with the winner being Mars LLC. The company secured a 15-year license with a bid of 21.065 million rubles, against a starting price of 19.15 million rubles. Another participant in the auction was Vector LLC.

As of January 1, 2026, the Stalnoye deposit's ore gold reserves stood at 243 kilograms, classified as off-balance sheet reserves in the "State Reserve" section. The subsurface block will be developed using underground mining methods.

Mars LLC, based in the Kolyma region, also holds several regional licenses: geological studies of the Maly Mandychan and Sporny rivers in the Yagodninsky District, the Aksu and Pravaya Vetka rivers in the Omsukchansky District, and the Zolotoy River deposit (left tributary of the Khilgycha River) in the Tenkinsky District.

The Stalnoye deposit is located in the Yagodninsky District of Magadan Oblast, an area with low economic development. There are no permanent access roads; in summer, supplies for gold prospecting teams rely on helicopter transport, while in winter, access is via the Bokhapcha River winter road. The nearest settlement is Sinegorye. Power supply for mining enterprises and settlements is provided by the Kolyma Hydroelectric Power Station.

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