Russia: gold output up in July 2018

Russia’s production of finished, semi-finished, and powdered gold increased by 1.7% YoY and by 19.7% MoM in July, the Federal State Statistics Service said in a report. In January-July gold production decreased by 0.6% YoY. Previously, absolute figures on production of precious metals were a state secret. The figures are no longer classified, but the…

Russia: Chukotka gold and silver output down in January-July 2018

In January-July Chukotka Autonomous District yielded 13.49 tons of gold, down by 7% YoY.

12.57 tons accounted for ore gold, with alluvial gold at 930 kg, down by 7% and by 15% respectively.

Silver output decreased by 15%, to 64.44 tons. (Ukrainian metal)

Russia: Priisk Dambuki net profit down in H1 2018

In January-June Priisk Dambuki, extracting alluvial gold in Amur region, received 83 thousand rubles of net profit, down almost 24-fold YoY (1.9 million rubles). The company revenue decreased 4-fold, to 23.5 million rubles. Gross profit fell 2-fold, to 17.9 million rubles. EBITDA increased 1.3-fold, to 339 thousand rubles. As of late June, the company accounts…

Kyrgyzstan: $30 million to revive Makmal

Kyrgyzaltyn OJSC conducts consultations with the population of Toguz-Toro district. People are being persuaded that it is necessary to create a joint venture with a foreign investor at Makmal mine. Only this can extend its life and provide people with stable work. Deputy Chairman of Kyrgyzaltyn OJSC Nurdin Kanymbetov explained the peculiarities of the project.…

Russia: Nizhneyakokitsky Works yields 500 kg of gold

In January-June Nizhneyakokitsky Mining Works extracted 500 kg of gold. These are the best results among Seligdar enterprises. In 2006 within the project to develop Nizhneyakokitskoye ore field a new enterprise was created – Zoloto Seligdara – on the basis of the Seligdar miners team, which had been developing alluvial sites since 1975. But the…

Russia: Buryatia yields 2.1 tons of gold

In January-June the Republic of Buryatia extracted 2128.9 kg of gold, on the previous year level.

At the same time ore gold output increased by 8% YoY, to 1712.8 kg, while that of alluvial gold dropped by 24%, to 416.1 kg.

Last year the republic yielded 5677.9 kg of gold. (Ukrainian metal)

Russia: Rosgeologia to look for gold in Kabardino-Balkaria

Rosgeologia will carry our prospecting works for ore gold on Levoberezhnoye ore field.

The corresponding agreement has been concluded in summer.

The site with the size of 6.62 square km is situated in the Cherek district of the Republic of Kabardino-Balkaria.

The project is to be completed by early 2021. (Ukrainian metal)