Russia: gold output up in 2017

In 2017 Russia obtained 306.9 tons of gold, up by 6.3% YoY. According to the Ministry of Finances press-service, mined gold output totaled 253.9 tons (237.8 tons in 2016), by-product gold – 16.4 tons (15.3 tons) and secondary gold – 36.6 tons (35.4 tons). Silver output in 2017 decreased by 4% YoY, to 1.044 million…

Russia: Rosgeo discovers 74 tons of gold in Adygeya

Severo-Kavkazskoye PGO, a part of Russia’s state geological exploration company Rosgeo, has discovered 73.79 tons of inferred gold reserves at the Dakhovskaya area of the Belorechensky structure in the southern republic of Adygeya. According to the company statement on February 14, the project is implemented under a 173.2 million ruble state contract concluded by the…