Russia’s gold output rose by 9.29% YoY, to 343.54 tons in 2019, the Finance Ministry said citing the data on raw materials supplies to the refining plants. Mined gold output rose by 8.22%, to 286.05 tons, and by-product gold output by 23.14%, to 19 tons, while secondary gold production grew by 11.31%, to 38.49 tons.…
Aleksandrovskaya 1 LLC intends to extract 200 kg of gold in this year washing season. The company will continue developing the Jalon and Juvaskit deposits in Amur region. Aleksandrovskaya 1 has already started the washing season, which will traditionally last till November. Last year the company extracted 170 kg of gold. (Ukrainian metal)
In January-April, Khabarovsk region extracted 5.9 thousand kg of gold, up by 11.8% YoY. Large companies were able to minimize the negative effect of the pandemics by adjusting their operation. At present 25 companies are operating in the region: 6 of them are mining for ore gold, will 16 are operating at alluvial sites. In…
In January-April, Irkutsk region extracted 5274.6 kg of gold, including 5041.6 kg of ore gold and 233 kg of alluvial gold. Output grew by 14% YoY. Polyus Verninskoye produced 2665.9 kg of gold, while Vysochaishiy and its daughter company Ugakhan LLC – 1285.4 and 777.4 kg of gold respectively. Druza LLC extracted 312.9 kg of…
In January-April, Amur region extracted 5411.3 kg of gold, up by 1.2% YoY. Ore gold accounted for 5321.3 kg, and alluvial output totaled 90 kg. Traditionally, Petropavlovsk enterprises have provided the largest volume of gold output: Malomyr (1520 kg, down by 22%), Pokrovsky Mine LLC (1202 kg, up by 27%) and Albynsky Mine LLC (1169…
In January-March, Kamchatka region extracted 1234 kg of gold and 3 tons of silver, down by 6% and by 4% YoY respectively. In particular, Zoloto Kamchatky extracted 906 kg of gold: Ametistovoye – 685 kg (-2%), KamGold – 36 (-37%) and Kamchatskoye Zoloto – 212 kg (+71%). At the same time, Trevozhnoye Zarevo decreased output…
In 2019, Kurilgeo LLC, developing gold sites in Sakhalin, received 3.5 billion rubles from the sales, on par with the previous year results. Net profit decreased by 6.4%, to 971.8 million rubles. Tax payments exceeded 1.4 billion rubles, including 1.1 billion rubles of profit tax. Last year, the company produced 1106 kg of gold, down…
In 2019, Priisk Ust-Kara, developing alluvial gold deposits in Zabaikalye region, increased net profit 2.7-fold, to 553.9 million rubles. Revenue grew from 1587.3 million rubles to 2546.1 million rubles. Sales profit increased 2-fold, to 685.9 million rubles. Last year the company extracted 863 kg of gold. This year the output is expected to remain at…
The volume of Azerbaijan’s gold and silver mining industry increased by 23% and by 72% YoY respectively in January-March, the State Statistics Committee reported. Thus, gold mining increased by 23%, to 948.3 kg, while silver mining amounted to 1,193 kg (+73%). The extracted gold and silver have been transferred for processing. As of April 1,…
Gold production at the Kumtor Mine in 2019 was 600,201 ounces or 18,668.35 kg, Centerra Gold Inc. reported. Gold sales in 2019 were 600,231 ounces or 18,669.28 kg with a revenue totaling $827.5 million. Contribution to the national budget in taxes and mandatory payments in 2019 was more than 14.8 billion soms. The Dore bars…
Neryungri-Metallik LLC, a part of Nordgold, in 2019 produced 8.2 tons of refined gold at its Gross mine in Yakutia. The output target was exceeded by 36%. In early 2019, the company expected to produce 5.9 tons of gold last year. The increase is due to the expansion of the factory capacities from 12 million…
In 2019, Russia extracted 367.952 tons of gold, up by 12% YoY. 286.563 tons accounted for extracted gold, up by 9.5%. Auxiliary gold totaled 18.134 tons, up by 17.4%. And the rest accounted for gold-containing concentrates and secondary precious metal. Polyus provided almost a quarter of all ore gold – 88.36 tons, up by 16.4%.…