The Ukrainian Metal

Russia: Status to extract 1 ton of gold in Magadan region

Status LLC and its daughter company Orotukanskaya Alluvial Company LLC are developing alluvial gold sites in Magadan region.

This year they intend to extract at least 1 ton of gold.

The companies started the washing season in early May.

So far they have obtained 535 kg of gold, up by 10% YoY.

Last year the gold output totaled 1350 kg.

Status LLC owns 18 licenses to develop alluvial gold sites in Magadan region. (Ukrainian metal)

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