Russia: UEM confirms Ural gold quality

Uralelectromed has demonstrated the highest quality of refined gold, having confirmed its international status of Good delivery.

The status has to be confirmed by LBMA members every three years.

Uralelectromed has been a member of LBMA since 2006.

For three years UEM has been producing 10.5 tons of gold per year. (Ukrainian metal)

Tajikistan: TALCO to start mining gold

TALCO Gold plans to construct a precious metals extracting and processing works in the north of Tajikistan. Construction is expected to have been completed by the end of 2019. Around 1 thousand jobs will be created. TALCOo Gold is a part of Talco. The latter received the gold deposits on the territory of Aynin district…

Russia: gold output up in January-April 2018

In January-April Russia increased raw and semi-raw gold, or in powder form output by 2% YoY.

According to Rosstat, in April gold output grew by 14.1% YoY.

At the same time, gold manufacture dropped by 8.3% MoM. (Ukrainian metal)

Russia: Primorzoloto to construct gold-extracting factory in the Far East

Within the Freeport of Vladivostok project, Primorzoloto plans to construct a gold-extracting factory.

Investor intends to construct two quarries.

Gold-bearing ore will be delivered to the factory with the capacity of 500 thousand tons of ore per year.

It is expected to obtain 64.5 tons of gold under the project. (Ukrainian metal)

Kyrgyzstan: negotiations and decisions on Kumtor to be transparent

The Prime Minister of the Kyrgyz Republic Mukhammedkaly Abylgaziev met with Centerra Gold Inc. CEO Scott Perry, the Information Support Department of the Government’s Executive Office reported. The parties discussed issues related to the strategic agreement signed on September 11, 2017. Mukhammedkaly Abylgaziev noted that the government realized the significant role of Kumtor in the…

Russia: KAP extracts 50 kg of gold

Since the start of the year Kanchalan-Amguem Area LLC (KAP) has extracted 50.2 kg of gold at the Gorny site in Chukotka. Silver output totaled 225 kg. By the end of Q2 the company intends to have mined 505 kg of gold. The company started operating at the site in January. Its resources are estimated…

Kazakhstan: gold output up in January-April 2018

The gross output of raw and semi-processed gold in the powder form reached 28,848 kg in January-April, up by 8.4% YoY.

The overall output of raw and semi-processed silver in the powder form amounted to 334,194 kg, down by 6.5% YoY, the Statistics Committee of the Kazakh National Economy Ministry reports. (Kazinform/Ukrainian metal)

Russia: Kinross gold output down in Q1 2018

In January-March Kinross Gold produced 653.94 thousand ounces of gold equivalent, down by 3% YoY. In Russia gold output dropped by 16%, to 120.18 thousand ounces. At the Kupol and Dvoynoy mines in Chukotka output dropped because of the scheduled extraction of ore with low gold contents. In 2017 Kinross Russian enterprises produced 17692 kg…