Kyrgyzstan: 3 gold deposits put up for sale

Three gold deposits were put up for auction, the State Committee of Industry, Energy and Subsoil Use reported. Kumbel gold deposit was discovered in 1936. Its reserves estimate has never been approved. The starting price is $9,120. The auction will be held on January 24, 2018. In addition, Issyk-Ata area with a starting price of…

Uzbekistan: 4 investors to prospect gold deposits

The State committee on geology and mineral resources has this year attracted 4 foreign investors to prospect 10 gold deposits. The agreements have been signed with B2Gold (Canada), NordGold (UK), TUMAD (Turkey) and Shindong Resources (South Korea). Gold reserves on these deposits are not revealed, but investments in prospecting could total $8 million. The agreements…

Russia: Yakutia to reach gold target

In January-October Yakutia obtained 21.5 tons of gold, including 11.8 tons of ore gold and 9.7 tons of alluvial gold. Alluvial gold target has been outperformed by 7%. Ore gold output is slightly lagging behind, but should increase. The target for this year is 24 tons of both ore and alluvial gold. In 2011 the…

Russia: Natalka gets first Dore gold

Natalka Mining and Processing Works, the main new project of Polyus, has received the first batch of Dore gold. The company is testing the new machinery. Polyus expects the project to reach full capacity by late 2018. Natalka gold-extracting factory with the capacity of 10 million tons of ore is the largest in Russia. It…

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)