Anglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, plans to start gold production at the Ugur field in the fourth quarter of 2017. The Ugur deposit, which was discovered in 2016, is located three kilometers to the north-west of the company’s main fields. The construction of roads to connect…
Since the gold season started and as of August 1, Rosszoloto LLC has obtained 193 kg of alluvial gold, up by 27% YoY. As of August 1, 2016 the company obtained 152 kg of gold. The increase in output was the result of putting 3 new sites into operation: Sardangro, Malaya Tynda and Otradny. The…
Kumtor Gold Company has released the Annual Environment and Sustainability Report for 2016, Media Relations Department of KGK reported. The task of the report is to inform government agencies, the non-governmental sector and the public of the country about the state of environmental activities at the mine and about the environment protection activity of the…
In January-June Kinross Gold produced 289.391 thousand ounces of gold at its Kupol and Dvoynoy deposits in Chukotka, down by 29.9% YoY. The scheduled decrease in output has to do with the processing of leaner ores in Q2. The company has started taking samples at the Sentyabrskoye deposits. Moroshka deposits are being prepared for operation.…
In January-June Omolonskaya Gold Ore Company produced 2.6 tons of gold, up by 45% YoY. The main yield was from the Tsokol and Birkachan deposits. Gold contents in ore have grown by 12% since the start of the year, to 5.3 g per ton. In Q2 gold mining increased by 9%, to 94%. This year…
In January-July Irkutsk region yielded 11395 kg of gold, including 6543 kg of ore gold and 4852 kg of alluvial gold. Ore gold output decreased by 3% YoY, while that of alluvial rose by 2%. At present 3 companies mine for ore gold in the region. Pervenets, a part of Polyus, mined 3652 kg of…
Avelanna Gold has developed a project to mine for precious metals in Zakarpatye and plans to invest some $100 million. The company has already received all the agreements, but the formal provision of documents is always postponed, so it cannot start operating. The company is working on the development of new infrastructure at the Muzhievskoye…
In January-June Vysochaishy (GV Gold) mined 2.2 tons (71 thousand ounces) of gold, down by 15% YoY. “The drop in output has to do with the scheduled decrease of ore mining (by 13%) and processing of lower gold-containing ore (by 16%)”, the company explains. Gold sales in H1 totaled $84.1 million, down by 14% YoY.…