Asset report

Shahumyan (Kapan) gold mine

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Report summary

Kapan is an underground mine with a plant capacity of 750kt/a. Actual mine throughput has been significantly below this though and in 2014 the operation treated 406kt of ore. Work is on-going on evaluating the possibility of expanding the plant capacity to 1Mt/a. A positive PEA to that effect was completed in October with a decision on proceeding to a full feasibility expected in H2, 2015. The accompanying analysis assumes that the expansion will go ahead.

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