Polyus Gold International Limited is a production-stage mining company. The Company is engaged in the production and marketing of gold in Russia. It is also involved in exploration, construction and research activities. Three of the Company�s operating mines, Olimpiada, Blagodatnoye and Titimukhta, are located in Eastern Siberia, while two operating mines, Verninskoye and Kuranakh, are located in the Far East. The Olimpiada gold mine comprises proven and probable gold reserves of approximately 30.01 million ounces. The Blagodatnoye mine comprises gold reserves of 9.18 million ounces. Titimukhta mine is a shovel-and-truck open-pit operation, with gold reserves of approximately 1.59 million ounces. Verninskoye, located in Irkutsk region, has approximately 4.38 million ounces gold reserves. Kuranakh mine, located in North-Eastern Siberia, comprises approximately 2.7 million ounces gold reserves. The Company�s alluvial deposits are located in the Bodaybo district of the Irkutsk region.