The IG Group has been exploring, making greenfield gold and copper discoveries, and providing highest quality exploration services to the Russian Minerals industry since 2004. Initially part of the Lundin Group, IG Group completed a management buy-out of Lundin assets in 2009 forming IG Copper as its exploration arm, and Kolymageo as a drilling and exploration services provider.
The IG Team has made two greenfield discoveries since Russian operations began in 2004. The first, the Svetloye High Sulfidation Epithermal Gold Deposit contains appr. 1,3 mln ounces (39 tones) of gold and was listed on the Russian State Balance of Reserves in 2007. It was subsequently sold to Polymetal Corp. in 2009. The listed gold production was 135 thsnd ounces (4-tons) of gold in 2018. The second greenfield discovery was the World Class Malmyzh Copper-Gold Porphyry Deposit and was listed on the RSBR in 2015. Malmyzh contains in excess of 1,4 billion tons of ore containing 7,23 mln tons of copper equiv. metal (921 tones gold equiv. metal). The deposit was sold to Russian Copper Company in 2018 and is currently in advanced exploration/pre-development.
The IG Group is a collection of private stock companies and consists of three mineral exploration companies and Kolymageo co. in the Russian FE with additional companies and projects in Mongolia and the United States. The company is headed by Thomas Bowens the President and CEO.
The IG Group of Companies’ Russian operations combines a talented and professional Russian staff with project selected international technical consultants and the latest in industry technologies in order to rapidly advance from concept, through exploration, to discovery. Additionally through our Kolymageo services company, the IG Group provides this same innovation and talented technical team to the wider mining and exploration industry throughout the Russian Federation.
IG Group, On Time – On Target!