Since the start of the year and as of mid-September Magadan region extracted 30.2 tons of gold, up by 23.1% YoY. Ore gold accounted for 17.75 tons, up by 43.8%. Alluvial gold extraction reached 12.44 tons, up by 2%. This year 3.49 tons of alluvial gold more are needed to be extracted. Silver output totaled…
Mining holds the largest share in the industrial production in Azerbaijan. Mining of precious metals such as gold and silver is increasing in volume. Thus, gold mining amounted to 2,405 kg in January-August, up by 7.2% YoY, the State Statistics Committee stated. In August alone 344.8 kg of gold was mined in Azerbaijan and transferred…
The gold-bearing deposit Polyanka, situated in the Nikolayevsk Advanced Development Territory, has been put into operation. NGK Resurs will be mining and processing some 1.5 million tons of gold-bearing ore per year. The resources of the deposit amount to 100 tons of gold. Until 2025 the investor plans to mine 7.7 tons of gold and…
In January-August Russia increased gold output by 21.8% YoY.
According to the Rosstat, in August output grew by 23.4% YoY and by 19.7% MoM.
The statistics service does not disclose detailed information on gold output. (Ukrainian metal)
NGK Resurs has commissioned the Polyanka deposit. Some 600 employees have been hired. The company intends to produce around 1.5 tons of gold per year. Until autumn in test mode the company has obtained 330 kg of gold. During the first stage of the project, which is scheduled to last till 2025, the investor will…
Dict LLC, developing alluvial gold sites in the Bolshoy Orel River valley in Amur region, intends to obtain 50-55 kg. So far the company has extracted 47 kg of gold. In 2018 gold output totaled 41.3 kg. The company started the washing season in early May and intends to finish it in late October. (Ukrainian…
In January-August Khabarovsk region obtained 16.645 tons of gold, up by 1.4% YoY.
Ore gold accounted for 13.294 tons.
Alluvial gold output totaled 3.351 tons.
In August gold manufacture decreased by 18% MoM, to 743 kg.
Silver output in 8 months fell by 17.3%, to 31.161 tons. (Ukrainian metal)
Zoloto Kamchatki has received the results of the independent estimate of the Kumroch gold deposit reserves. SRK Consulting estimated I&I reserves at 6.9 million tons of ore, containing 71.8 tons of gold and 107 tons of silver. Indicated reserves are 4.1 million tons of ore with the average gold content of 10.93 g per ton…
Opposition MP Sergey Bagratyan from the Prosperous Armenia (BHK) party suggests setting up an ad hoc committee to validate the report issued by Lydian Armenia, the gold developing company that seeks to resume operations at the Amulsar mine. “The figures in Amulsar operating Lydian Armenia’s reports, according to estimates of our experts, are highly exaggerated.…
In January-August Chukotka Autonomous District produced 16.21 tons of gold, down by 1% YoY.
In particular, 14.43 tons of ore gold and 1.78 tons of alluvial gold were obtained.
Silver output remained almost unchanged at 74.91 tons.
Ore gold is mined by 5 companies in the region and alluvial gold by 7 companies. (Ukrainian metal)
The Kumtor deposit still possesses over 104 tons of gold. Since 1997 some 384.3 tons of gold have been extracted at the deposit. “Now the total volume of gold reserves is 104.345 tons”, declared the chairman of the State Committee on Industry, Energy and Subsoil Use Emil Osmonbetov. According to Kyrgyzaltyn chairman Almaz Alimbekov, the…
In January-August Amur region extracted 16.36 tons of gold, up by 7.6% YoY. In particular, ore gold accounted for 11.254 tons and alluvial gold – 5.109 tons. Ore gold output grew by 16%. The growth was mostly due to two Petropavlovsk mines – Albyn and Malomyr. The former produced 3.447 tons of gold, up by…
In January-June Russia extracted 142.223 tons of gold, up by 11.41% YoY. The growth is due to the Natalkinskiy Mining and Processing Works in Magadan region reaching its design capacity. Petropavlovsk has commissioned its autoclave manufacture and until the end of the year intends to get 15.5 tons of gold. Russia is expected to produce…
During the current washing season the Olbot gold-extracting team LLC intends to extract at least 100 kg of gold. The company is washing for gold on the territory of Susuman district of Magadan region in the valleys of the Bolshoy Khatynakh and Sabygyl-Stanovoy brooks. Olbot started its washing season in May. This year the gold…
Prime Minister Nikol Pashinyan said the operation of the Amulsar gold mine might start in Q4 2020 at the earliest, but that the most likely time frame was the first quarter of 2021. Pashinyan in a live Facebook address urged the residents of nearby settlements to unblock the roads leading to the mine. The Prime…
The territory of advanced development Zabaikalye has welcomed a new resident – Mangasea Zoloto, a daughter company of Daltsvetmet. It will construct a mining and processing enterprise and a gold-extracting factory with the capacity of up to 1 million tons of ore per year on the basis of the Nasedkino deposit. When the enterprise reaches…
Magadan region, Gazprombank and RusHydro will help Pavlik construct the second stage of Pavlik Mining and Processing Works, which will increase ore processing to 10 million tons per year. At present the company capacity is around 4 million tons of ore (8 tons of gold) per year. When the second stage of the plant is…
In January-August Irkutsk region extracted 16,118 kg of gold, up by 1% YoY. Ore gold companies accounted for the most output – 9,437 kg, up by 1.7% YoY. In particular, Polyus Verninskoye produced 5,341 kg, while Vysochaishiy and its daughter company Ugakhan – 3,346 kg. Druze LLC extracted the least gold – 750 kg. Alluvial…
Information of the government on Kumtor was included in September work schedule of the Parliament of Kyrgyzstan. The Cabinet of Ministers should report on the fulfillment of resolutions of the Parliament dated February 26, 2015 and June 29, 2015. At the same time, the Committee on Fuel, Energy Complex and Subsoil Use will first consider…
Russian gold producer Polyus has finished drilling at the Sukhoi Log gold field and plans to finish the project’s feasibility study before 2021, CEO Pavel Grachyov announced. “We finished the drilling program we started in 2017. It was an important and capital-intensive stage. We are now analyzing drilling samples, which would take several months. We…
“No new land was allocated to Kumtor for geological exploration. At least 16,000 hectares were allocated back in 1994 and 1997,” Karybek Ibraev, Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan, announced. According to him, the territory of Sarychat-Ertash nature reserve is clearly set by a government decree. The…
Altyn Plc reports the restoration of gold output volumes in July after the drop in H1 due to the machinery breakage and delays in drilling programs. Losses before interest in H1 totaled $603 thousand as opposed to profit of $603 thousand in January-June 2018. The company is negotiating a loan of $17 million to spend…
Information that the government of Kyrgyzstan, under a new agreement with Centerra Gold, allegedly agreed to allocate 16,000 hectares of land in Sarychat-Ertash nature reserve for gold mining appeared on social networking websites. Chairman of Kyrgyzaltyn OJSC Almaz Alimbekov denied the information. According to him, the territory of the concessional area, including 16,000 hectares, is…
Kyrgyzstan has managed to increase receipts under a strategic agreement with Centerra Gold, head of Kyrgyzaltyn Almazbek Alimbekov announced at a press conference at the Government. According to him, as a result of long negotiations, the Kyrgyz Government has managed to conclude an agreement with Centerra Gold, increasing receipts to $150 million. “For example, under…