In 2016 Russia decreased gold ingot output by 7.8% YoY, with December 2016 being the 5th consecutive month when the gold output decreased. In December 2016 gold output dropped by 4.6% YoY, but increased by 6.2% MoM. The Gold Manufacturers Union or Russia expects that in 2016 the country will produce 297 tons of gold,…
In 2016 Kazakhstan will mine 60 tons of gold, the vice-minister on investments and development Albert Rau forecasts. “In 1990 we mined less than 20 tons of gold, in 1997 dropped to 6 tons. In 2015 we mined 57 tons, last year we hope to reach 60 tons”, he said. Thus output increase is expected…
In 2016 Azerbaijan mined 1894.1 kg of gold, down by 15% YoY. According to the State Statistics Committee, in December 2016 the country mined 133.5 kg of gold, all the gold was sent for processing. In 2015 Azerbaijan mined 2229.3 kg of gold, up by 19.1% YoY. At present Azerbaijan mines gold and silver at…
At least 550,960 ounces or 17,136.78 tons of gold were produced at Kumtor mine located in Issyk-Kul region of Kyrgyzstan in 2016, Centerra Gold Inc. reported. Kumtor mine exceeded the mid-point (540,000 ounces) of Centerra’s favorably revised gold production outlook issued after last year’s third quarter. Kumtor’s production forecast for 2017 is expected to be…
In 2016 enterprises of the Yuzhuralzoloto Mining Company yielded 15 tons of gold, up by 9.5% YoY. Svetlinsky Mining and Processing Works mined 8 million tons of ore and plans to mine as much this year. Bereznyakovsky Mining and Processing Works is expected to mine 1 million tons of ore in 2017. In 2018 UGK…
In 2016 Seligdar enterprises produced 4332 tons (139.277 ounces) of gold, up by 24.5% YoY. According to the company statement, tin output increased by 6.9% YoY, to 578.618 tons. “Last year we have shown the highest growth of output in our history. For the first time we have exceeded the 4-ton mark”, board of directors…
The State geology and earth service had to cancel the suspension of the license to mine gold-polymetallic ores at Beregovskoye deposits, following the ruling of the court. In 2012 the Karpatskaya Rudnaya Companiya received the license to work at the deposits. In March 2014 the state department of the geological control checked the company and…
In January-October 2016 Russia produced 244.55 thousand tons of gold, up by 0.26% YoY. Silver output dropped by 9.9% YoY, to 897.65 tons. The first time when the Ministry of Finance provided precious metals output statistics was in 2014, when gold output reached 287.978 tons. (Ukrainian metal)
