Serbia: large gold deposit discovered
A large gold deposit has been discovered in Serbia. Gold content in concentrate could exceed 93%. Additional prospecting must be carried out to determine reserves. (Ukrainian metal)
Azerbaijan: gold output to grow by 2027
The government of Azerbaijan forecasts gold output at the level of 3.104 tons in 2023. In 2024, the output is expected to grow to 3.1235 tons, in 2025 – to 3.1415 tons and in 2026 – to 3.1545 tons. Thus, in 2026 gold output will grow by 1.6% from the 2023 level. In January-November 2022,…
Uzbekistan: gold exports down in January-November 2022
According to the World Gold Council, the world’s central banks increased their gold reserves by 50 tons in November 2022. The largest buyer of the month was the People’s Bank of China, which bought 32 tons of gold, followed by the Central Bank of Turkey with 19 tons. Kazakhstan and Uzbekistan became the main sellers…
Kazakhstan: Tau-Ken Altyn gold output up in 2022
In 2022, Tau-Ken Altyn refinery works situated in Astana exceeded its output target by 10%, having produced 55.6 tons of gold with the target being 50 tons. Since its launch the company has refined 249 tons of gold. The company produced gold with the purity of 99.99 in standard 12-kg ingots and granules. (Ukrainian metal)
Kyrgyzstan: gold reserves estimated at 856 tons
Gold reserves in Kyrgyzstan are estimated at 856 tons and silver – 973.8 tons, the state draft concept for development of the geological and mining industry for 2023-2035 says. At least 99 alluvial gold deposits with total reserves of 7.364 tons and 59 primary deposits with total reserves of 848.636 tons are listed in the…
Armenia: Sotskiy gold mine operating at 40% of capacity
Following the large-scale aggression of Azerbaijan against Armenia on September 13, the operation of the Sotskiy gold mine was suspended. “The mine was out of operation for 3 days only. Now it operates at 40% of its capacity. That is, only 40% of the employees are working and their safety is ensured. But many still…
Azerbaijan: new gold deposit discovered
British company Anglo-Asian Mining Plc, involved in gold, silver and copper mining in Azerbaijan, has discovered a new gold deposit. A new sub-vertical gold vein, “Hasan”, was discovered to the south of the main Gosha gold mine. Work continues on the new sub-vertical deposit discovered by surface drilling. Preliminary results from the fieldwork indicate that…
Russia: Chukotka gold and silver output down in January 2022
In January, Chukotka Autonomous District produced 1.399 kg of gold and 6.48 tons of silver, down by 10% and by 19% YoY respectively. Only ore precious metals are being extracted now. 5 companies operate at the site. In 2021, Chukotka increased gold output by 4% YoY, to 25.32 tons. (Ukrainian metal)
Kyrgzystan: Chaarat Gold’s Tulkubash project hit by Centerra turmoil
Chaarat Gold Holdings Ltd. unveiled financing and construction delays at its Tulkubash project in Kyrgyzstan. The dispute between Canada’s Centerra and Kyrgyzstan over the Kumtor mine has had a significant impact on the Tulkubash project, pushing out the debt-financing timeline for the project to the second half of 2022. The project’s first gold output has…
Russia: Amur region gold output up in January 2022
In January, Amur region extracted 1161.7 kg of ore gold, up by 6.6% YoY. 5 companies are operating in the region now. Malomyr mine yielded 144 kg of gold, down by 60%, Pokrovsky – 515 kg, up 2-fold, and TEMI, operating at the Elginskoye deposit, – 285 kg. Berezitoviy mine decreased output by 20%, to…
Russia: Irkutsk region gold output up in January 2022
In January, Irkutsk region produced 1169.45 kg of gold, up by 4% YoY. 4 companies operated at gold deposits. In particular, Polyus Verninskoye produced 754.05 kg of gold, Vysochaishiy with Ugakhan – 156.4 and 180.9 kg respectively and Druza LLC – 78.1 kg. This year, the region expects to yield 20.98 tons of gold, including…
Russia: Kamchatka silver output up on 2021
In 2021, Kamchatka produced 6151 kg of gold, down by 11% YoY. At the same time, silver output grew by 5%, to 15.8 tons. No alluvial gold was extracted last year. Ametistovoye yielded 2701 kg of gold, up by 6%, Kamchatskoye Zoloto – 1098 kg, up by 4%, SiGMA – 1274 kg, down by 30%,…
Russia: silver output down in January-November 2021
In January-November 2021, Russia produced 319.56 tons of gold, up from 314.41 tons a year earlier. Extracted gold accounted for 274.14 tons (271.14 tons in January-November 2020), auxiliary – 15.51 tons (15.92 tons) and secondary gold – 29.91 tons (27.35 tons). Russia also produced 858.42 tons of silver, down from 873.9 tons. In particular, extracted…