In January-April Russia increased raw and semi-raw gold, or in powder form output by 2% YoY. According to Rosstat, in April gold output grew by 14.1% YoY. At the same time, gold manufacture dropped by 8.3% MoM. (Ukrainian metal)
In 2018 StroyResourceGroup, which extracts gold in Primorye region, intends to obtain 10 kg of gold, up 10-fold YoY. In 2016 gold output was exactly 1 kg. The season for the company will start in June. At present the site is being prepared. StroyResourceGroup owns a license to the Nesterovsky site valid through May 23,…
In January-March Vysochaishiy produced 55 thousand ounces of gold, up 2-fold YoY. This increase has become possible thanks to the start of operation at the Drazhnoye and Ugakhan deposits in 2017. Ore output grew by 75%, to 1686 thousand tons, and processing – also by 75%, to 1748 thousand tons. Average gold price in Q1…
Russian Platinum has presented the results of the operation of it assets in the Far East. Yubileyniy GOK mined 24.7 thousand tons of ore. At the same time 33.513 thousand tons were processed, and 251.4 kg of gold and 158.1 kg of silver obtained. Perevalniy GOK mined 108.8 thousand tons of ore. The Perevalnaya processing…
Polyus reports that the capacity of Natalkinskaya gold-extracting factory has reached 80% of its project level of 10 million tons of ore per year. Since the start of the year Natalka has produced over 40 thousand ounces of gold. When the factory reaches its project capacity it will produce some 450 thousand ounces of gold…
Within the Freeport of Vladivostok project, Primorzoloto plans to construct a gold-extracting factory. Investor intends to construct two quarries. Gold-bearing ore will be delivered to the factory with the capacity of 500 thousand tons of ore per year. It is expected to obtain 64.5 tons of gold under the project. (Ukrainian metal)
The Prime Minister of the Kyrgyz Republic Mukhammedkaly Abylgaziev met with Centerra Gold Inc. CEO Scott Perry, the Information Support Department of the Government’s Executive Office reported. The parties discussed issues related to the strategic agreement signed on September 11, 2017. Mukhammedkaly Abylgaziev noted that the government realized the significant role of Kumtor in the…
In January-April Polyus Aldan, operating in the Aldan district of the Republic of Sakha (Yakutia), mined 2 tons of gold, up by 157 kg YoY. The company has overfulfilled its own target by 134 kg. In Q1 gold output increased by 13% YoY, to 46.5 thousand ounces. Last year the company mined 171.5 thousand ounces…
