As of August 27, Brindakit LLC, extracting gold in Yakutia, washed 65 kg of gold, with 45 kg obtained from the Brindakit deposits and 20 from the Bam deposits. This year the company intends to obtain 100 kg of gold. Thus the target has been 65% fulfilled. In 2016 Brindakit LLC planned to get 80…
In 2017 Orion Group+ LLC intends to wash 40 kg of alluvial gold, down by 26 kg YoY. “Our company is not large, and this year the output will be smaller, as our license is expiring. But we intend to prolong it”, the company director Anatoly Chesnokov said. The company will not participate in auctions…
Gold production in the Chukotka Autonomous District is to decrease by 3 tons in 2017 due to reserve depletion on some of the deposits, head of the region Roman Kopin reported on August 24. “The amount expected in 2017 is 26 tons,” Kopin said. Chukotka Mining and Geological Company and Severnoye Zoloto, units of Kinross…
The net loss of Russian gold producer Lenzoloto tripled to 1.072 billion rubles in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on August 24. The pre-tax loss also tripled to 1.091 billion rubles, income from sales fell by 17.5%, to 2.396 billion rubles, including income from gold…
In January-May Russia increased gold output by 2.5% YoY, to 88.92 tons, including 68.96 tons of extracted gold, 7.29 tons of by-product gold and 12.66 tons of secondary gold. Silver output in 5 months decreased by 4.7% YoY, to 380.59 tons, including 170.36 tons of extracted silver, 134.83 tons of by-product silver and 75.4 tons…
Zoloto Kamchatki, a part of Russian multi-industry holding Renova Group, plans to invest 22.3 billion rubles in the development of the Kumroch gold deposit in the Kamchatka region and construction of a mining and processing plant. At present, the first stage of the plant is being designed. The gold mill is to have an annual…
On August 25 Darkhan LLC will put into operation a factory at the Kirchenovskoye gold-silver deposits. The full capacity of 340 tons of ore per year will be reached in Q3. From 2018 the annual output will total 400 kg of gold and 25 tons of silver. The first stage of the deposits will be…
In 2016 Ukraine imported $13.07 million worth of gold, down almost 2-fold YoY. According to the State Fiscal Service, the Netherlands supplied the most gold last year – $8.4 million, Switzerland – $3.8 million. Silver imports dropped as well – by 7.1%, to $3.6 million. (Ukrainian metal)
