Russia: Dagestan finds 100-ton gold deposits

A gold-bearing deposit with the reserves of some 100 tons has been found on the territory of Dagestan. The auction for the deposit will be held in 2018. The prospects of the Kurush ore node were confirmed in 2007-2010. In 2014 the Federal budget gave 150 million rubles for prospecting work in the Dagestani Mountains.…

Russia: Polyus output up in Q3 2017

In July-September Polyus gold output increased by 16% YoY, to 642 thousand ounces. Ore output went up by 45%, to 10 million tons. Ore processing grew by 12%, to 7.3 million tons. Sales increased by 10% YoY, to 578 thousand ounces. EBITDA went up by 7%, to $475 million (28.16 billion rubles). Profits decreased to…