The Penzhina (Russian: Пенжина; Koryak: Мыгыкивэем) is a river in Kamchatka Krai, Russia.

After bending southwards it enters a wide floodplain filled with lakes, finally flowing into the Penzhina Bay of the Sea of Okhotsk.

[3][4][5][6] The villages of Kamenskoye, Oklan, Slautnoye and Ayanka are located by the river, as well as the seaport of Manily.

Its main tributaries are the Shayboveyem, Kondyreva and Oklan from the right, and the Ayanka, Chyornaya and Belaya from the left.

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