Russia: Susumanzoloto yields 5 tons of gold

As of November 19, the gold-mining company Susumanzoloto has obtained 5042 kg of gold in Magadan region, up by 14% YoY. The increase is the result of the investment in the mining machinery fleet expansion. Thus, this year Susumanzoloto has purchased 3 loading complexes. During the current gold-mining season the company has invested 1.2 billion…

Russia: Ksenievsky Priisk net profit down in January-September 2017

In January-September Ksenievsky Priisk received 372.3 million rubles of net profit, down by 3% YoY.

Revenue increased by 14% YoY, to 1.729 billion rubles. Sales profit reached 493.4 million rubles, up by 9%.

In 9 months the company mined 800 kg of gold. (Ukrainian metal)

Kazakhstan: gold output up in January-October 2017

In January-October the quantity of unwrought gold extracted in Kazakhstan equaled to 70.248 kg, up by 15.5% YoY.

According to the Statistics Committee of the Kazakh Ministry of National Economy, in the reporting period the output of unwrought silver amounted to 870,911 kg, down by 12.8% YoY. (Kazinform/Ukrainian metal)

Azerbaijan: gold output up in January-October 2017

In January-October Azerbaijan produced 5107.5 kg of gold, up 3.2-fold YoY.

According to the State Statistics Committee, in October gold output totaled 672.9 kg.

In 2016 Azerbaijan obtained 1894.1 kg of gold, down by 15%. (Ukrainian metal)

Kyrgyzstan: Kumtor produces 12.5 tons of gold

Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in 9 months of 2017. KGC produced 404,584 ounces or 12,583.98 kg of gold, Public Relations Department of Kumtor Gold Company reported. During the third quarter of 2017, Kumtor produced 138,561 ounces of gold compared to 166,030 ounces of gold…

Kyrgyzstan: Kumtor workers call MPs terrorists

The members of the Parliament did not like being called terrorists because of Kumtor, Saidulla Nyshanov said at a session of the Parliament on November 16. The deputies discussed scandalous amendments to the Water Code permitting work on Davydov and Lysyi glaciers. Deputies also visited Kumtor, as well as representatives of the government and the…

Kazakhstan: Japanese corporations eye mining sector

Japanese corporations are interested in joint projects with Kazakhstan on geological exploration of gold and copper, Kazakh Kazgeologiya said in a message. During the Japan-Kazakhstan business forum entitled “Investment opportunities in the regions of Kazakhstan” in Tokyo, the sides discussed investment projects in the mining and metallurgy, energy, chemical, and agrarian industries. Vice-Minister for Investments…

Ukraine: Lugansk terrorists to mine gold

In 2018 the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia, intends to start developing gold deposits. According to the head of the LPR Igor Plotnitsky, this will be an important step to improve the republic’s economy. “We’ll try mining our own gold. The enterprise will not be too profitable, but…