In January the Makmalzoloto mine yielded 27 kg of gold. According to Kyrgyzaltyn information, this is up by 4.7% from the target. The increase is explained by the partial replacement of machinery at Makmalzoloto. At present the mine has over 1 thousand employees. Makmalzoloto is the largest asset of Kyrgyzaltyn. The deposits grew low 10…
In 2016 Zoloto Kamchatki, a part of Renova, increased gold output by 114% YoY, to 175.25 thousand ounces (5451 kg), and that of silver – by 309% YoY, to 247.35 thousand ounces (7694 kg). Gold sales in 2016 went up by 131%, to 173.68 thousand ounces, at the average price of $1251.66 per ounce. The…
In 2016 Yanzoloto, working in Ust-Yansk in the Republic of Sakha (Yakutia), mined 150 kg of gold, having exceeded its annual target. The company expects the gold reserves at the site to increase by 2.5 tons. (Ukrainian metal)
Navoi Iron and Steel Works has resumed gold mining at Amantaytau mine in the Central Kyzylkum. In 2003 the previous owner Amantaytau Goldfields put the gold mining factory in operation there with the capacity to produce 6.3 tons of gold per year. In 2011 the company was liquidated and its assets given to the Navoi…
Lydian Armenia, operating at the Amulsar deposits in Jermuk, will receive its first gold nugget in March 2018. The construction works in Jermuk are underway and will last for 18 months. “We are prepared to invest $370 million and create 700 jobs in 10 years. The program presupposes the annual gold exports of $259 million”,…
In 2016 the Vysochaishy Group of Companies produced 5.1 tons of gold, down by 10% YoY. The highest results were reached at Golets Vysochaishy and Ykanskoye deposits in Irkutsk region – 4.8 tons of gold. Bolshoy Kuranakh in Yakutia yielded 308 kg of gold. Despite the decrease in output sales increased by 6% YoY, to…
Gold mining companies of Russia’s Zabaikalsky region increased gold output by 7% YoY, to over 12 tons in 2016, an analyst at the geology and subsurface use department of the region’s Natural Resources Ministry Alexei Zakharov reported. Tungsten concentrate production rose by 10%, to 1,700 tons, lead and zinc production remained flat at over 43,000…
Nord Gold acknowledges recent speculation regarding a possible delisting of the company’s global depositary receipts from the Official List and the London Stock Exchange. The Board of Directors continues to consider options for maximizing shareholder value, including a potential delisting of the company’s global depositary receipts, although no decision has been taken and there is…
