In January-July Russia increased raw and powder gold manufacture by 11.7% YoY. According to the Federal Service of State Statistics, in July gold output increased by 12.1% YoY, but dropped by 0.1% MoM. (Ukrainian metal)
This year the gold-extracting company Priisk Karakkansky LLC has to get some 70 kg of alluvial gold at its sites. In 2016 the company obtained 382 kg of gold. The considerable drop in the output is the result of the dwindling reserves at the sites. The company has not purchased new licenses yet, and keeps…
In June the gold-extracting company Susumanzoloto acquired 100% of the Nedra LLC shares, which owns the license to develop the Shturmovskoye deposits. The project presupposes the construction of a factory with the capacity of the first stage at 200 thousand tons of ore per year. The mine design has already been prepared and it is…
In January-June Chukotka autonomous district obtained 14.6 tons of gold, down by 13% YoY. Silver output totaled 76 tons, down by 20%. The decrease is explained for the most part with the drop in reserves and its content at Kupol and Dvoynoye deposits. Chukotka Mining-Geological Company mined the most at Kupol: 5.6 tons of gold…
In January-July Magadan region fulfilled the gold-mining plan by 51%, having obtained 15.9 tons of gold, up by 2.9 tons YoY. This year the region intends to get 30.9 tons of gold. The growth has been provided by the ore companies, which have mined 2.5 tons more than in 2016. The most gold has been…
Russian state geological exploration company Rosgeo has initiated exploration of gold and copper at a 121 square kilometer Yumtulsky prospective area in Russia’s easternmost Khabarovsk region through its subsidiary Dalgeophizika. According to the company statement on August 16, it plans to finish the survey until the end of 2019. (Prime/Ukrainian metal)
Construction of the gold-extracting factory is drawing to an end in Akmola region. “The work is 87% complete. The main premises machinery is being assembled, and the substation is being constructed”, the city of Stepnogorsk mayor’s office reported. The cost of the project is 11774 million tenge. The capacity of the factory will be 1.1…
Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the second quarter of 2017. In the first six months of 2017, KGC produced 266,023 ounces or 8274.25 kg of gold and contributed more than 4.7 billion soms in taxes and mandatory payments. During the second quarter of 2017,…
