Mangazeya Mining Ltd, mining gold in Zabaikalye region, in 2018 increased output by 13.9% YoY, to 27.7 thousand ounces.
In particular, output at the Savkinskoye deposit dropped by 19.1%, to 19.7 thousand ounces. Operation at the Kochkovskoye deposit started in April 2018. Since then 6.56 thousand ounces of ore gold and 1.44 thousand ounces of alluvial gold have been extracted.
Mangazeya Mining revenue dropped by 8%, to CAD $37.2 million.
Last year the company sold 22 thousand ounces of gold and 18.2 thousand ounces of silver, down by 8% and by 37% YoY respectively.
Average gold price was CAD $1528.
In 2018 the company produced 770 kg of gold out of the planned volume of 905 kg. (Ukrainian metal)