Russian gold producer Mangazeya Zoloto plans to raise production by 95%, to 1.5 tons in 2018, CEO and owner Sergei Yanchukov declared. The company will nearly triple geological exploration spending to 350 million rubles this year to increase the Baikal region reserves of the group to over 100 tons, he said. Production of the Savkino…
In 2017 Magadan region obtained almost 33 tons of gold, up by 5 tons YoY. Pavlik developing the deposits of the same name mined 6.5 tons of gold. Susumanzoloto is still the best alluvial gold extractor – 4 tons. This year the region intends to increase output. In particular, the new mine named after Matrosov…
Residents of Oruktu village oppose development of Solomo gold deposit. According to them, in 2015 the company KGM Ltd. received a license to develop the field. At the same time, it pledged to pay 300,000 soms a month as a social package. However, the payments ceased after eight months. As of today, the company owes…
In 2017 Petropavlovsk Plc produced 13.62 tons of ore gold in Amur region, or 53% of the total output. The output increased by 9.7% YoY, or by 1.2 tons. The increase was provided by 3 out of 4 company mines: Pioner, Albyn and Malomyr. Pokrovsky mine decreased output. (Ukrainian metal)
Kanchalano-Amguemskaya Ploschad LLC has begun industrial gold-extracting at the Gorniy site of the Zhilnoye deposits in Chukotka. The first ore has been sent to the gold-extracting factory of the Valunisty mine, and the first ingots are expected this month. By the end of the second quarter the company intends to have obtained 505 kg of…
In 2017 Priisk Solovievsky, which extracts gold in Amur and Zabaikalye regions, obtained 3.5 tons of gold, up by 40% YoY, or by 1 ton. The main volume – 3127 kg – was mined in Amur region deposits. The rest was obtained from alluvial gold sites in Zabaikalye. The increase has to do with the…
In 2017 Chukotka region yielded 25.348 tons of gold, down by 13.14% YoY. Silver output dropped by 19.59%, to 130.839 tons. Alluvial gold output reached 2327.35 kg, up by 9.5% YoY. Ore gold extracting decreased by 14.92% YoY, to 23.021 tons, mostly because of the thinning of reserves. Last year the regional authorities expected gold…
In February Magadan region will hold auctions for the sale of 11 sites of alluvial and ore gold. All participation offers are accepted through February 12. Sites in Omsukchansk, Severo-Evensk, Srednekansk, Tenkin and Khasyn districts will be offered for sale. The cost of the lots depending on the site ranges from 1 million to 17.6…
