Kapan mine
The Kapan mine is one of the largest gold mines in the Armenia.[1] The mine is located in the south-east of the country in Syunik Province.[1] The mine has estimated reserves of 5.15 million oz of gold and 95.6 million oz of silver.[1] The mine also has ore reserves amounting to 335.8 million tonnes grading 0.11% copper and 0.41% zinc.[1]
| Location | |
|---|---|
| Syunik Province | |
| Country | Armenia |
| Production | |
| Products | Gold, silver, copper, zinc |
Mine is operated by “Kapan Mining and Processing Enterprise” CJSC.
Chaarat Gold Holdings Limited acquired 100% of shares of “Kapan Mining and Processing Enterprise” CJSC for USD 55M from a company listed on the same stock exchange which is a subsidiary of Russian Polymetal Group.[2]
References
- "Kapan Gold/Copper Mine". dundeeprecious.com. 2013. Archived from the original on 2013-08-29. Retrieved 2013-06-26.
- LLC, Helix Consulting. "Three Armenian Banks Finance Significant Investment Deal of Armenian Company - aysor.am - Hot news from Armenia". www.aysor.am. Retrieved 2019-03-17.
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