In January-July the Republic of Sakha (Yakutia) extracted 12483.9 kg of gold and 57460 kg of silver. Gold output increased by 12.5% YoY. This year Yakutia intends to extract 24.5 tons of gold. (Ukrainian metal)
In January-June Mangazeya Mining Ltd, developing Zabaikalye region deposits, produced 6.972 thousand ounces of gold. Savkinskoye deposits accounted for 6.76 thousand ounces, and the rest (0.21 thousand ounces) for Kochkovskoye deposits. According to the unaudited financial statement, gold output decreased by 17% YoY. The decrease is due to the drop in ore mining – in…
As of September 3, the Novaya miners team has yielded 134 kg of gold. This season the team has started washing at a new site – Nizhnyaya Amunakta, having so far obtained 60 kg of gold. The enterprise is also prospecting at Tangrak. The development of the site is scheduled for spring 2019. The team…
As of August 28 Irkutsk region has extracted 15280.9 kg of gold, up by 8% YoY. Ore gold accounted for 8977.9 kg, up by 20%, while alluvial gold output dropped by 5%, to 6303 kg. Last year the region yielded 22903 kg of gold, including 12115 kg of ore gold and 10788 kg of alluvial…
Yekaterinburg Non-Ferrous Metals Processing Works intends to start refining gold from Magadan region. In July the company delegation visited a miners’ team, where it got acquainted with the technological chain of gold mining. “We presented our plans to increase gold purchases with further buy out of refined metal and voiced our interest to work with…
In January-June Seligdar received 759.9 million rubles of net losses, up from 283.3 million rubles in H1 2017. At the same time the company revenue grew 1.6-fold, to 3.808 billion rubles. Gold sales accounted for 2.9 billion rubles, while tin and tungsten – for 270.8 million rubles. Other services (ore mining) accounted for 552.7 million…
AzerGold CJSC has started the project on production of coins and ingot from gold and silver in Azerbaijan. The company stated that the preparation of ingots and coins was carried out on the basis of AzerGold’s development strategy. The project sets goal to promote the country as a gold producer on the domestic and international…
The government of Kyrgyzstan thinks how to remove dependence of the economy on Kumtor. The growth of the economy directly depends on the work of the mine. According to the head of the State Committee of Industry, Energy and Subsoil Use, Ulan Ryskulov, it is possible to launch up to ten large deposits in the…
