The Board of Directors of Polymetal approved the construction of the Kutyn project worth $80 million. The total gold production will amount to 575 thousand ounces. The average production volume from 2023 to 2028 is 90 thousand ounces per year, with a total cash cost of $590 per ounce. The launch of production is scheduled for Q2 2023. "The asset is able to reach a significant cash flow with low capital investments," - said Vitaly Nesis, Chief Executive Officer of Polymetal.