Russia: Koboldo extracts 206 kg of gold

As of early October, Koboldo, developing alluvial gold deposits in Amur region, has extracted 206 kg, down by 31% YoY. The decrease is due to suspension of operation at two sites – at the Gerbichan and the Lower Stoiba Rivers because of the pollution. The company specializing in prospecting and extracting alluvial gold has sites…

Russia: Druzhba extracts 150 kg of gold

As of early October, the gold-extracting enterprise Druzhba has extracted 150 kg of alluvial gold in Amur region. This year the company operates in the Razdolniy Brook valley. So far, the annual output target has been exceeded by 21%. Earlier, the company intended to extract 124 kg of gold. The alluvial season will be finished…

Russia: gold output down in January-July 2021

In January-July, Russia produced 173.99 tons of gold, down by 1.3% YoY. Extracted gold accounted for 145.88 tons, down by 2.8%. In particular, Amur region decreased output by 30.2%, to 11.29 tons. Krasnoyarsk region produced the most gold – 32.29 tons, up by 2%, Magadan region – 25.15 tons, up by 3.5%, and Yakutia –…

Kyrgyzstan: gold devalues on decisions of some officials

The London Bullion Market Association (LBMA) has removed Kyrgyzaltyn OJSC from the LBMA Good Delivery List. The Kyrgyz company is not included in the list of reliable suppliers that could negatively affect the activities of the refinery, the cost of gold and the investment attractiveness of Kyrgyzstan. Executive Director of the International Business Council (IBC)…