Russia: 22 tons of gold exported in 2016

In 2016 Russia exported 22.4 tons of gold, down by 43% YoY, while the output remained on the previous year level. Though there is still no data on January-November 2016 output the Union of gold-miners expects the figure to be on the level of 295-297 tons. Central bank bought the most gold on the local…

Kyrgyzstan: licenses of two gold miners suspended

The licenses of two gold mining companies in Kyrgyzstan were suspended, the State Committee of Industry, Energy and Subsoil Use reported. The license of «Aksyaltyn Gold» LLC, which produces placer gold in Chon-Alai district of Osh region, and the license of «Andash Mining Company» LLC, mining gold in Talas region, were suspended. Licenses of other…

Russia: Yakutia gold output up in 2016

In 2016 Yakutia mined 23.653 tons of gold.

The annual target was 23.5 tons of gold. The decrease of the target is explained with the planned indexes of local gold-miners.

This year Yakutia expects to mine 22-23 tons of gold. (Ukrainian metal)

Kazakhstan: gold output down in 2016

In 2016 Kazakhstan produced 74.6 tons of unwrought and semi-wrought gold, down by 17.1% YoY. The share of fine gold made more than half (37.7 tons) of the produced precious metals. Kazakhstan has observed intensification of gold production in recent years. In 2013 annual growth made 6.6%, in 2014 – 18% and in 2015 –…

Russia: Yanzoloto mines 150 kg of gold

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)

Russia: Vysochaishy gold output down in 2016

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…

Russia: gold output in Zabaikalsky region up in 2016

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…

Russia: Nord Gold continues maximizing shareholder value

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…

Russia: Petropavlovsk gold output down in 2016

In 2016 the four works of Petropavlovsk Plc in Amur region produced 416.3 thousand ounces of gold, down by 17.4% YoY. In particular, Pioneer works decreased output by 39%, to 141.9 thousands ounces. Pokrovsky mine yielded 37.8 thousand ounces of gold, down from 56 thousand ounces in 2015. Malomyr mine kept the gold output almost…

Kyrgyzstan: salary at Kumtor up

Kumtor company increased salaries of its workers by 10% from January 1, and it will be increased by another 5% from January 1, 2018, the chairman of the Mining and Metallurgical Union of Kyrgyzstan Eldar Tadzhibaev reported. According to him, the company’s management and personnel signed a collective agreement for the next two years during…