The Kapan mine is one of the largest

gold mines Gold mining is the extraction of gold resources by mining. Historically, mining gold from alluvial deposits used manual separation processes, such as gold panning. However, with the expansion of gold mining to ores that are not on the surface, ...

in the

Armenia Armenia (), , group=pron officially the Republic of Armenia,, is a landlocked country in the Armenian Highlands of Western Asia.The UNbr>classification of world regions places Armenia in Western Asia; the CIA World Factbook , , and ' ...

. The mine is located in the south-east of the country in

Syunik Province Syunik ( hy, Սյունիք, ) is the southernmost province of Armenia. It is bordered by the Vayots Dzor Province to the north, Azerbaijan's Nakhchivan Autonomous Republic exclave to the west, Azerbaijan to the east, and Iran to the south. It ...

. The mine has estimated reserves of 5.15 million oz of

gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile me ...

and 95.6 million oz of

silver Silver is a chemical element with the symbol Ag (from the Latin ', derived from the Proto-Indo-European ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical ...

. The mine also has ore reserves amounting to 335.8 million tonnes grading 0.11% copper and 0.41% zinc. Mine is operated by “Kapan Mining and Processing Enterprise” CJSC. Chaarat Gold Holdings Limited acquired 100% of shares of “Kapan Mining and Processing Enterprise” CJSC for US$55M from a company listed on the same stock exchange which is a subsidiary of Russian Polymetal Group.

References

Gold mines in Armenia Copper mines in Armenia Zinc mines in Armenia Buildings and structures in Syunik Province Geography of Syunik Province Gold mines in the Soviet Union {{Mine-stub