It seems like some sort of agreement was signed on June 16, 2016 between Sergie`s gold operating group (Mangazeya Zoloto - they operate all of Mangazeya`s properties) and the government of the Trans-Baikal Territory.  I don`t think it was a financing agreement or anything like that.  My guess is Mangazeya will finance the Nasedkino project through a Russian bank.  Whatever papers were signed, it probably bodes well for the regional government being very supportive of the project. 

With the way things are coming together for Nasedkino, I wouldn`t be surprised if Sergie is getting close to lining up project financing - maybe at some point within the next several months.  I think the recent turnaround of the gold price will allow the banks to be more receptive of a debt financing for the project.

I found 2 summary articles about this June 16, 2016 meeting.  I can only view that summary versions though, as I don`t have subscriptions.  I think most of the key info is already in the summary.

Bringing Nasedkino into production is expected to cost around US $55 million (or 3.5 billion Russian Rubles.

They are aiming to produce 2.5 to 3.5 tonnes of gold per year at Nasedkino, with gold production starting in 2018.  That is about 89,000 to 124,000 ounces of gold production per year.  I think the 70,000 ounces per year shown in the Corporate Presentation represents initial start up production, using a  simple approach at the beginning.

It says 900 jobs to be created from putting the Nasedkino Mine into production.  As such, not only is it good for the company but it also benefits the local people and the government.

``Mangazeya to invest 3.5 bln rubles in Nasedkino, produce 2.5-3.5 t of gold/year

``Mangazeya to launch Nasedkino GOK in Trans-Baikal region in 2018``

 

"The beginning of the construction works is planned for 2016. It is expected that the plant will start its work in 2018. The new plant will annually mine and process one million tons of ore and produce from 2.5 to 3.5 tons of gold, - Yanchukov said. - 900 jobs will be created at the plant".