The gold-extracting company Pavlik, a part of Arlan, intends to have commissioned the second stage of the mining and processing works at the Pavlik deposits by late 2019. The project presupposes the construction of another gold-extracting factory on the basis of the existing works with the capacity of 5 million tons of ore per year.…
Dalzoloto LLC is busy prospecting at the Delken territory. The work started in 2016. In late 2018 the company intends to register at least 10 tons of C1+C2 gold reserves. Forecast resources total 31 tons of R1 gold. On another site the prospecting started in 2017 and is expected to end in 2022. The prospecting…
This year the Orotukan Alluvial Company LLC intends to obtain 300 kg of alluvial gold. According to the company statement, the sand-washing season will start on May 1. Last year the company obtained 296.6 kg of gold. The company owns 11 licenses for alluvial gold sites in the Magadan region. (Ukrainian metal)
In 2017 the gold-extracting company Priisk Solovievskiy increased revenue by 12% YoY, to 6.605 billion rubles. EBITDA grew by 5.8%, to 2.769 billion rubles. Net profit totaled 2.231 billion rubles, up by 7.6% YoY. The increase of financial indexes has to do with the growth of the gold output. In particular, last year the company…
Zabaykalye region intends to implement a pilot project of granting individual entrepreneurs patents to extract gold at lesser deposits and alluvial sites. The project will solve the problem of illegal extraction of gold in the region. The entrepreneurs will be given small sites, rejected by major companies. (Ukrainian metal)
The development of the Tekhutskoye mine has not been stopped, it has just been suspended, and the operation will start in late 2018 – early 2019. The program to develop the copper-molybdenum deposits was approved by the government in November 2007. The deposit is the second largest in the country as to copper reserves after…
Mine named after Matrosov, a part of Polyus, plans this year to mine 5 tons of gold at the Natalkinskoye deposits in Magadan region. When the project reaches its full capacity, the output will total 12 tons per year. Together with other enterprises, Natalka could bring the combines gold output of the region to 40…
In 2017 Berezitovsky Mine LLC, a part of Nordgold, produced 2.933 tons (94.3 thousand ounces) of gold, up by 18% YoY. According to the company press-service, the increase has to do with the growth of the manufacturing efficiency as well as commissioning of the third stage of the quarry. Last year the company mined some…
