Taskora and Muzbel + Gold Recovery Plant
A gold mining complex in Abai Region: active open-pit mining, an in-house gold recovery plant and a resource base prepared for development.
Active mining with a full production cycle
The Taskora deposit was discovered in 1966 and is mined by open-pit methods under a valid subsoil use contract, extended in 2026. The deposit produces sulphide and oxidised gold-bearing ores.
Processing takes place at the company's own gold recovery plant, providing control over the full production cycle — from ore mining to the production of Doré alloy. The finished product is delivered to the Tau-Ken Altyn LLP refinery (London Good Delivery certificate).
| Status | Active open-pit mining |
|---|---|
| Reserves (GKZ, State Reserves Commission) | 1,000 kg of gold, average grade 1.2 g/t |
| Inferred resources (JORC) | 10 tonnes of gold, ~1 g/t |
| Subsoil use contract | extended for 5 years in 2026 |
| Status | Exploration completed, preparing for development |
|---|---|
| Reserves (GKZ, State Reserves Commission) | 5 tonnes of gold |
| Inferred resources (JORC) | ~25 tonnes of gold, ~1 g/t |
| Area | 1.5 km² (3 km long, 0.5 km wide) |
| Subsoil use contract | valid until 31.12.2032 |
A resource base for the next stage of growth
The Muzbel deposit is located 40 km from Taskora, in the Northern Lake Balkhash area. Discovered in 1977, it is a promising asset for the further mining of gold-bearing ores.
In 2020–2025, a full cycle of exploration to the JORC standard was carried out at the deposit, identifying new ore reserves and adding 12 new calculation blocks to the block model.
In late 2025, an agreement was signed with Addison Mining (UK); the company is currently estimating the deposit's resources to the JORC standard — results are pending.
To develop Muzbel, a new gold recovery plant with a capacity of 1 million tonnes of ore per year is planned.
Gold recovery plant and infrastructure
CIP technology
The plant, with a capacity of 70 thousand tonnes of ore per year, operates using Carbon In Pulp technology with gold recovery of up to 95%. A flexible flowsheet allows both sulphide and oxidised ores to be processed by hydrometallurgy and heap leaching.
Waste storage
A tailings storage facility with a capacity of 90 thousand tonnes ensures reliable and environmentally safe disposal of processing waste, including detoxification.
Site infrastructure
A rotational camp with residential and production facilities, 3.2 MW power transmission lines, and Starlink satellite communications of up to 200 Mbps. The site is located 220 km from the town of Ayagoz.
Other holding assets
The Kentau processing plant, the Berkara mining and metallurgical complex and a portfolio of exploration licences.