ArmInfo.The management of GPM Gold held a meeting with governor of Gegharkunik marz, Gnel Sanosyan, and the acting Mayor of the city of Vardenis Aram Melkonyan.
The press service of the company told ArmInfo that the company's general director, Anatoly Gogotin, presented to the leadership of the marz the current activities of the Sotk deposit, investment projects aimed at technical re-equipment of production, socio-economic indicators of the asset and growth dynamics. The parties got acquainted with the social projects implemented in the region and discussed opportunities for cooperation.
"GeoProMining Gold" exploits the Sotk gold deposit and is the largest employer in the Gegharkunik region. Currently 756 people work at the mine. Investments in the development of the Sotk deposit for 11 years amount to 67 million dollars. In 2018 alone, the company invested $ 9.573 million in technical development of the field. GeoProMining, founded in 2001, is an international private company with a diversified resource base of gold and other metals. GeoProMining enterprises are located in Russia and Armenia. In Armenia, GeoProMining owns two enterprises - the Agarak Copper-Molybdenum Combine and the GPM Gold company, which develops the Sotk gold deposit and operates the Ararat gold extraction plant.. The company has invested over $ 505 million dollars in the Armenian economy Over the past 11 years, the company's social investments in the Republic of Armenia exceeded 8.5 million US dollars.