Russia: gold output down in Q1 2021

In January-March, Russia produced 46.85 tons of gold, down by 2.58% YoY. Auxiliary gold output dropped by 12.16%, to 3.8 tons, gold extracted from scrap and waste – by 12.14%, to 7.36 tons, and gold in concentrate – by 27.1%, to 2.96 tons. Polyus yielded 18.4 tons of gold. Mangazeya Mining increased output by 452%,…

Kyrgyzstan: gold export down in Q1 2021

In January-March, Kyrgyzstan exported 2.448 tons of gold valued at $140.3 million as opposed to 4.183 tons at $212.9 million in Q1 2020. In 2020, the state already expected the decrease in gold output. According to the Ministry of Economy, this year Kumtor will decrease output by 4.3% mostly due to lower gold content in…