Pavlik Gold Ore Company JSC holds a license for search, exploration and ore gold mining at Pavlik deposit, Tenkinsky District, Magadan Region of the Russian Federation. Within 2007 – 2011 a detailed exploration was performed at the deposit, the provisional exploratory standards were approved and the reserves, which amount to 100.2 tons of gold as of January 1, 2010, were calculated. The permanent exploratory standards and the report with the calculation of the reserves were presented (in August of 2012) to Rosnedra SRC for the approval. These standards took into account the further exploration performed in 2011-2012. It is supposed that the reserves shall amount to at least 200 tons of gold as of January 1, 2013. In 2012 the construction of ore-dressing facility was started, which will be completed in December, 2013. The annual output of the enterprise is 3 mln. tons of ore, average gold grade is 2,5 g/t, extraction is not less than 82%.