Russia’s production of unrefined, semi-refined or powdered gold decreased by 0.6% YoY and by 11.7% MoM in October, the Federal State Statistics Service reported. In January-October, production of gold grew by 1.1%. No absolute figures were disclosed. (Prime/Ukrainian metal)
In January-September, Russia produced 268 tons of gold. Ore gold amounted to 219 tons, auxiliary gold – 13 tons, secondary gold – 25 tons and gold in concentrates – 11 tons. This year, the Union of Gold Miners expects output to reach 366 tons. At the same time, demand could drop by 3%, to 362…
In January-October, Magadan region extracted 45.43 tons of gold, up by 6% YoY. Ore gold accounted for 26.88 tons (+6%) and alluvial – 18.55 tons (+5.6%). Silver output grew by 11%, to 544 tons. This year, gold output is expected at the level of 48 tons and silver – 580 tons. (Ukrainian metal)
The Aleksandrovskaya 1 LLC miners team has finished the alluvial season in Amur region with the result of 225 kg of gold. The precious metal was extracted at 3 deposits – Dzhalon, Dzhuvaskit and Dep. In annual comparison output dropped by 7% due to long winter and rainy summer, which resulted in the start of…
The State Expertise Service of Russia has approved the construction of a gold-extracting factory at the Teutedzhak deposit in Magadan region. Reserves are estimated at 16.596 tons of gold and 12.2 tons of silver. The size of the ore site is 14.6 square km. The design capacity of the factory will be 1 million tons…
In January-October, the Vitim Miners Team, developing alluvial gold sites in Irkutsk region, extracted 2175 kg of gold, down by 11% YoY. The decrease was due to the postponement of the alluvial season to May 1 because of pandemic limitations. This year, the enterprise intends to produced 2500 kg of gold. Last year, the output…
In September, Russia exported 25.3 tons of gold, down 2-fold YoY and by 22% MoM. The revenue amounted to $1.4 billion. The main customer was the United Kingdom with 19.1 tons at $1.1 billion. 1.7 tons of gold was exported to Switzerland, 1.6 tons – to India, 1.2 tons – to Germany, 1 ton –…
In January-September, Chukotka produced 18.1 tons of gold. Alluvial gold accounted for 2 tons, up by 211 kg YoY. 18 enterprises extracted alluvial gold in the region. (Ukrainian metal)