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GOLD ORE TO BE EXTRACTED GROM TUKHMANUK MINE THIS YEAR
YEREVAN, JUNE 23, NOYAN TAPAN. This year the company Global Gold
Mining (GGM) intends to extract the first 75 thousand tons of ore from
Tukhmanuk mine (Aragatsotn marz). Director of the company's Armenian
subsidiary Ashot Poghosian told reporters on June 23 that GGM received
this right last year after becoming the main shareholder of Mego Gold,
a company that operated the mine previously. According to him, 200
jobs will be created thanks to the mine's opeartion. It was noted
that the confirmed reserves of Tukhmanuk mine's ore currently make
1.5 mln tons. It is envisaged to obtain 6 grams of gold from a ton
of ore. A.Poghosian said that GGM is now operating at a loss, since
only exploration work is being done. Only after its completion it
will be possible to make a profit.
YEREVAN, JUNE 23, NOYAN TAPAN. This year the company Global Gold
Mining (GGM) intends to extract the first 75 thousand tons of ore from
Tukhmanuk mine (Aragatsotn marz). Director of the company's Armenian
subsidiary Ashot Poghosian told reporters on June 23 that GGM received
this right last year after becoming the main shareholder of Mego Gold,
a company that operated the mine previously. According to him, 200
jobs will be created thanks to the mine's opeartion. It was noted
that the confirmed reserves of Tukhmanuk mine's ore currently make
1.5 mln tons. It is envisaged to obtain 6 grams of gold from a ton
of ore. A.Poghosian said that GGM is now operating at a loss, since
only exploration work is being done. Only after its completion it
will be possible to make a profit.