Centerra Gold Inc. regrets to report a fatality at its Kumtor mine. On April 11, an individual, a vehicle mechanic, was fatally injured while inspecting a light vehicle pickup truck in the field. An internal investigation has commenced and Kumtor management is working with the Kyrgyz regulatory authorities. “Centerra and Kumtor are deeply saddened by…
In January-March companies in the Chukotka Autonomous District mined 5.588 tons of gold and 32.873 tons of silver. Gold output dropped by 17.8% YoY, or by 1.215 tons, silver – by 10.4%, or by 3.84 tons. The decrease is caused by the targeted drop of output at the gold-silver deposits of Kupol and Dvoynoye, belonging…
Magadan region plans to produce 30.5 tons of gold in 2017 to hit a record high of the past years, the regional government said in a statement on April 10. “The Magadan region demonstrated a stable rise in lode gold output from 2009 through 2016. Production rose by 6.4 tons from 5.5 tons to 11.9…
The budget of Kyrgyzstan will get 2 billion soms from Shambesai project in form of tax deductions, the State Committee for Industry, Energy and Subsoil Use reported. It is noted that the day before Batken region hosted a round table to discuss Shambesai gold project. Issues of safety of gold mining technology, production impact on…
Russia’s Far Eastern Khabarovsk region plans to produce 9.55 tons of gold in 2017, Nikolai Ishchuk, director of the mineral resource department of the Natural Resources Ministry of the Khabarovsk region, reported on April 4. Platinum production can rise by 1.6%, to 1.55 tons, while silver output can fall by 15%, to 42.7 tons. Combined…
In 2016 Vysochaishy received 6.378 billion rubles of net profits, up by 26.6% YoY, or by 1.324 billion rubles. EBITDA totaled 7.857 billion rubles, revenues – 12.903 billion, up by 9.1% YoY, with 12.835 billion from gold sales 22.401 million from silver sales and 45.548 million rubles from sample handling. Last year the company produced…
The design time of the tailing dump and the gold processing plant at Jerooy will be extended until August, the chairman of the State Committee for Industry, Energy and Subsoil Use Duyshenbek Zilaliev said at the meeting with the residents of Talas region. Talas town hosted a discussion on the development of Jerooy deposit located…
Alliance Altyn LLC, which holds a license to develop Jerooy gold deposit in Talas region, commented on the publication of the 24.kg news agency «Will Jerooy’s gold be dragged into presidential election?». The company informs: the data on the delay in the implementation of Jerooy project and the alleged involvement of Kyrgyz MP Omurbek Babanov…