The Ukrainian Metal

Russia: Pavlik mines 550 kg of gold in January 2018

In January the gold-ore company Pavlik mined 550 kg of gold at the Pavlik deposits in Magadan region.

According to the prospecting director Victor Troitskiy, the gold-extracting factory capacity is 8 tons of gold per year.

In 2017 it produced 6.5 tons of gold.

As the factory is already operating at full capacity, this year it is expected to get 7 tons.

By May the company hopes to have recorded another 90 tons of gold. Thus, Pavlik reserves would amount to 244 tons of gold. (Ukrainian metal)

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