Mining, drilling and blasting operations will be resumed at Kumtor gold mine in the coming days, the Chairman of the Central Committee of the Mining and Metallurgical Trade Union Eldar Tadzhibaev has announced. According to him, Kumtor Gold Company CJSC received the necessary permission from the state bodies. The State Committee for Industry, Energy and…
Russia’s gold output rose by 16.18% YoY, to 337.26 tons in January-November 2019, the Finance Ministry said citing the data on supplies to the refining plants. Mined gold output rose by 9.09%, to 266.06 tons, and by-product gold output by 21.97%, to 17.6 tons, while gold scrap production grew by 67.6%, to 53.6 tons. Silver…
In 2019, Irkutsk region extracted 25,257 kg of gold, up by 2% YoY. Polyus and Vysochaishiy contributed the most of the output. In particular, Polyus Verninskoye produced 7.902 kg of ore gold and Lenzoloto – 4,529 kg of alluvial gold. Vysochaishiy yielded 3,438 kg of gold and its daughter company Ugakhan LLC – 2,350 kg.…
In 2019, the net profit of Kyrgyzaltyn OJSC, excluding Centerra Gold dividend income, amounted to 286.5 million soms, press service of the company reported. Compared with 2018, the figure has reportedly tripled. In addition, the company has transferred 400 million soms in taxes and payments to the budget. Including dividends, 100 million soms have been…
In 2019 Lena LLC, developing alluvial gold sites in Irkutsk region, extracted 337.5 kg of gold, up by 19% YoY. The target output was 330 kg. In 2018 the company extracted 282.8 kg of gold. (Ukrainian metal)
Trans-Siberian Gold (TSG) has found a zone of high mineralization some 400 meters to the north of the lode No. 25 at the Asachinskoye deposit in Kamchatka. According to preliminary drilling, the largest gold concentration is 133 g per ton. Investments in the deposit development are estimated at $7.9 million. (Ukrainian metal)
In 2018 Chukotka Autonomous District yielded 24.45 tons of gold, up by 1% YoY. In particular, ore gold output grew by 3%, to 22.1 tons, while that of alluvial gold fell by 9%, to 2.35 tons. Silver extraction remained unchanged – 111.7 tons. (Ukrainian metal)
Svetliy has won an auction to develop the Zorinsky Brook alluvial site in Irkutsk region. The auction was held on December 26, 2019. Three companies participated in the trade – Ugakhan LLC and two Polyus enterprises – Lenzoloto and Svetliy. The final price reached 4.95 million rubles. C1 reserves of the site mount to 114…
Gold production on Chukotka peninsula increased by 1.34% YoY, to 24.452 tons in 2019, the regional government said on January 15. Silver production rose by 0.22%, to 111.677 tons. Ore gold output grew by 2.56%, to 22.097 tons, while alluvial fell by 8.86%, to 2.355 tons. Kinross Gold raised production by 7.38%, to 15.194 tons,…
In 2019 Amur region extracted 26284.4 kg of gold, up by 15.3% YoY. Ore gold accounted for 17627.9 kg, up by 25.4%, while the share of alluvial gold did not change (8656.5 kg). Malomyr mine extracted 5607.3 kg of gold, up 2.3-fold YoY. Albyn mine increased output by 13.2%, to 5317.3 kg, while Pokrovsky mine…