Polymetal acquired the Kyzyl gold project for US$620 million in September 2014. A feasibility study on the project was completed in November 2015. The study calls for 22 year operation with initial production for the first 10 years from 1.8Mt/a ore capacity open pit. Underground mining is targeted for 12 years at a throughput rate of 1.2Mt/a. The sulphide ore will be treated using differential flotation with the concentrate sold to third party off takers.