The Raygorodok Gold Mine is located in the Akmola Region in northern Kazakhstan and consists of two open pits, north and south, spaced 2 km apart. The acquisition of the Raygorodok Gold Mine was completed in October 2025. Following the acquisition, the project transitioned smoothly, with improvements in stripping ratio, recovery rate and equipment utilisation. This project further enriches the Group's asset portfolio in Central Asia. Continued implementation of technical upgrades is expected to increase annual ore processing capacity from 6 million tonnes to 16 million tonnes.
| Location | Akmola Region, Kazakhstan |
|---|---|
| Acquisition Date | 2025 |
| Equity Interest | 100% |
| Mine Life: | Until 2040 |
| Deposit Type | Orogenic gold mine |
| Mining & Processing Methods | Open-pit mining + CIP + Leaching |
| Reserves as of Dec 31, 2025 | 2,695 koz / 84t |
| Resources as of Dec 31, 2025 | 6,245 koz / 195t |
The acquisition of the Raygorodok Gold Mine was completed in October 2025. From the completion date of the acquisition to 31 December 2025, the project produced approximately 1.2 tonnes of mined gold on an operating basis. AISC after acquisition was approximately US$1,249/oz. Following the acquisition, the project transitioned smoothly, with improvements in stripping ratio, recovery rate and equipment utilisation. The project further enhanced the Group’s asset portfolio in Central Asia. Continued implementation of technical upgrades is expected to increase annual ore processing capacity from 6 million tonnes to 16 million tonnes.
Implemented the owner-operated mining model to strengthen control across the full production process.
Promoted energy-saving technologies and high-efficiency equipment to reduce unit energy and materials consumption, while lowering resource loss and dilution and improving overall resource utilisation.
Conducted regular joint cost reviews to identify key cost drivers accurately and formulate targeted control measures.
RG Gold is committed to high ESG standards at the Raygorodok Gold Mine, focusing on environmental responsibility, workplace safety, and support for local communities. The company implements environmental management and ecosystem restoration initiatives, including large scale greening projects, biodiversity research, and measures to improve air quality and minimise environmental impact.
The mine plays an active role in the social and economic development of the region through infrastructure, education, and community support programmes. Raygorodok has received national recognition for its efforts in employment, safety, community partnerships, and environmental management.
