Russia: Dnepr-Gold exceeds output plan

Since the start of the alluvial season, Dnepr-Gold LLC has extracted 500 kg of gold. The main volume of gold is washed at the sites in Taskan and Burhaky rivers valley. So far the company has exceeded its output target by 16.6%. Initially it was planned to extract 440 kg of gold. Moreover, Priiskatel LLC,…

Russia: NLMK shareholders approve Q2 2019 dividends

At the Extraordinary General Shareholders’ Meeting (EGM) held on September 27, NLMK shareholders approved the payment of Q2dividends of 3.68 rubles per share. The total amount of Q2 dividends payable to shareholders is equivalent to 136% of the company’s free cash flow based on its IFRS consolidated results for the corresponding period. The date upon…

Russia: gold output up in January-May 2019

In January-May Russia increased gold manufacture by 9.59% YoY, to 101.44 tons. In particular, gold extraction totals 80.99 tons, up by 11.74%, secondary gold – 13.1 tons, down by 4.59%, and auxiliary gold – 7.35 tons, up by 15.93%. Silver output dropped by 9.32%, to 383.654 tons, including 175.39 tons of extracted silver, down by…