OREANDA-NEWS. December 24, 2009. The meeting made a decision on consolidation of the Irkutsk assets of GV Gold via purchasing them from the subsidiaries of the Company (CJSC "Inakit", CJSC "Khomolkho", "VitimPromService" LLC) and reissuance of the subsurface licenses held, by the subsidiaries, in favor of the Company.

Consolidation of all the Irkutsk assets will allow the Company to optimize GV Gold management structure and to decrease the general and administrative costs.

In addition to that the Board of Directors approved the budget and the basic GV Gold development trends for 2010, which include:
-  consistent gold production growth whilst maintaining the current high mining efficiency;
- commissioning of the 1-st processing line of the Processing Plant №3 (Mill-3) at Golets Vysochaishy deposit; 
-  commissioning of the Pilot Production Plant at Ykanskoye deposit;
- continuation of the deep-digging dredge assembling (digging depth - 30 meters, bucket capacity - 400 liters) on the Big Kuranakh deposit Sakha Republic (Yakutia);
- continuation of exploration operations on the Irkutsk and Yakutia deposits for the further increment of the mineral resource base.