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Muzhievo Mine

Muzhievo is an underground gold-polymetallic mine located in Ukraine. Commercial production to start in January 2020 by processing 2 tons of gold in tailings by year end.

2020 Outlook

Muzhievo is expected to mine and process 330,000 tonnes of ore at an average grade 9.2 grams per tonne gold, producing around 85,0000 ounces of gold, at operating costs £435 per ounce.


Carpathian Mountains

Mine type


Economic lifetime

10 years (JORC reserves)




91% of Zakarpatpolimetally LLC

Metals mined

Gold, Silver, Lead, Zinc

Expected lifetime

19 years