History

2004
Sibir Mining is founded

2005
Acquires 100% shares of Close Join Stock Company Krystal controlling the Staduhino ore-placer region license.
Acquires 100% shares of “Vesely Mine”

2006
Sibir becomes an open join stock company

2007
Board of directors appointed the company development strategy with the next top-priority tasks

• increase the company market value.
• Develop the existing mineral resource base. Sibir is going to increase C1-C2 reserves to 250 tones of gold and 4 thousand tones of silver by 2011;
• Acquire new assets;
• IPO on the Russian and foreign stock exchanges. The Company plans to sell about 15% of its shares;