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.…
In January-June Kazakhstan produced 41161 kg of raw gold, up by 18.6% YoY. According to the Statistics Committee of the Ministry of national economy, raw silver output dropped by 13% YoY, to 543930 kg. (Ukrainian metal)
Armet LLC, a part of Anglo Russian Gold Ltd., will construct a mine with the capacity of 1.5 tons of gold per year at the Archiyskoye deposits. Investments into the construction of the mine with the ore processing capacity of 1.05 million tons will total 4.222 billion rubles. The public hearings of the project are…
As of July 10 Rise LLC has yielded 210 kg of gold. This year the company still operates at two sites: the Pravaya Vizualnaya stream and the Nelgyu River. This year Rise intends to wash 600 kg of gold, up by 23.7% YoY. The stream will yield some 80% of gold. In 2016 Rise yielded…
In January-June Anglo Asian Mining mined 23.218 thousand ounces of gold, down by 31,4% YoY at the Kedabek deposits. “The company also mined 85.087 thousand ounces of silver, 1.322 thousand tons of copper and produced 6.431 thousand tons of copper concentrate”, the company said in a statement. In 6 months the company sold 15.689 thousand…
Siberia Mining and Metallurgical Alliance (SiGma) will put the first stage of Ozernovsky Mining Works with the capacity of 100 thousand tons of ore or 2 tons of gold per year into operation in December. According to the company CEO Dmitry Filichkin, by September the works will have received all the machinery. In October-November it…