Russia: GV Gold output up in 2017

Gold output of GV Gold rose by 37% YoY, to 224,500 ounces in 2017, or 5% above the plan due to the launch of the Drazhnoye and Ugakhan deposits and a new dredging unit at the Bolshoi Kuranakh mine, the company said in a statement on February 5. The capacity of company’s processing facilities increased…

Tajikistan: KRL to mine gold at Pakrut

By the end of the year KrysoResourcesLImited (China) intends to have mined 207 kg of gold at the Pakrut deposits. Gold output is expected to increase to 1-1.5 tons per year. The company started developing Pakrut in 2012. Since then investments have totaled $180 million, and $76 million more are needed. At present the project…

Russia: Petropavlovsk gold output up in 2017

In 2017 Petropavlovsk Plc increased gold output by 9.8% YoY, to 439.6 thousand ounces (13.7 tons), while the plan was 420-460 thousand ounces. The prime cost of the gold manufacture last year was over $700 per ounce, higher than the expected range of $600-700 per ounce. Gold sales totaled 439.8 thousand ounces at the average…