Sagamar CJSC

Armanis gold-polymetallic mine

Highlights

Location: Armanis district, Stepenavan town, Lori marz, Republic of Armenia.
Ownership: 100%.
Type of ore body: Oxidized ore, sulphide ore.
Type of mine: Open pit, underground mine.
Reserves: Around 18 mln tons (C1+C2), average metal content: Au 0.9 g/t, Ag 10 g/t, Cu 0.9 %, Zn 2.2%, Pb 1.0%.
Product: Copper, zinc, lead concentrates.
Expected mine life: Over 25 years.
Plant capacity: 500-600 thousand tons p.a., to reach 800 thousand tons p.a. in 2013.
Employees: Around 500 people.
Total investment: Around 94 million US dollars.

Armanis Concentrator is the most modern plant in Armenia, equipped with the newest equipment of world leading manufacturers, with a state-of-the-art laboratory in Transcaucasia and special purpose  filtering stations of Canadian and German manufacture.