In January-March Buryatzoloto, a part of Nordgold, sold 1.1 billion rubles worth of gold, down from 2.4 billion rubles in Q1 2016. The company received 734 million rubles of net losses against 147 million rubles of net income last year.
According to the company statement, the decrease is connected with the fall in key output.
Thus, Zun-Lholbinskoye deposits yielded 252.4 kg of gold, Irokindinskoye deposits – 345.1 kg.
This year the Kholbinskoye mine is supposed to yield 800-900 kg of gold.
In 2017 the company plans to invest 1.6 billion rubles in development. (Ukrainian metal)