Russia: large gold field discovered in Magadan region

Geologists of the Magadan region have discovered a gold field with resources amounting to several dozen tons, a regional division of geological exploration company Rosgeo, also known as Rusgeology, said in a report on March 16. The newly discovered Khulgannakhskaya block is located 102 kilometers off the Omchak village, where the nearest Matrosov mine is…

Russia: Vysochaishy to get state support

The Vysochaishy Company intends to get the state support from the Ministry of economical development for the investment projects in the Baikal region. The company wants to get into the list of regional projects participants by submitting an inquiry to the ministry of the economical development of the Irkutsk region. The Vysochaishy project deposits are…

Russia: Kolyma gold output up in January-February 2017

In January-February the gold-mining companies of the Magadan region yielded 2133 kg of gold, up by 693 kg YoY.

Last year the region mined 28 tons of gold. This year the local authorities set a new target – 30 tons. The Pavlik deposits of Arlan are set to increase output by 1.5 tons. (Ukrainian metal)

Kyrgyzstan: residents of Batken region oppose development of Shambesai deposit

Residents of Batken region opposed development of Shambesai gold deposit. The State Committee of Industry, Energy and Subsoil Use tried to tell them about the advantages of the project. Representatives of Z-Explorer Company held a presentation of Shambesai project with explanation of the proposed technology for development of the field and measures for environmental protection,…

Kyrgyzstan: problems with Kyrgyzaltyn mines

Problems of Makmal reached the walls of the Parliament. Last week, the state of affairs at the gold mine was discussed by the parliamentarians of the committee on the fuel and energy complex and subsoil use. It was also attended by the head of Kyrgyzaltyn Almaz Alimbekov. He said that Makmal reserves were depleted. With…

Azerbaijan: AzerGold to produce over 1 ton of gold

The AzerGold company, which is engaged in exploration, development and management of non-ferrous metal deposits, plans to produce almost 1.3 tons of gold and two tons of silver at the Chovdar mine in Azerbaijan’s Dashkasan district in 2017, according to the report on the activities of the Azerbaijani government for 2016. In the subsequent years,…

Russia: Status to mine 1.3 tons of gold in 2017

The government of the Magadan region and Status LLC have signed an agreement on the operation at the gold-bearing deposits on the territory of Yagodnoye town district. In 2015-2016 the company invested 470 million rubles in the development of the manufacturing capacities and paid 390 million rubles of taxes. The company also mined 2.6 tons…

Russia: Olcha deposits to increase gold output

Olcha gold-silver deposits have supplied the first batch of ore to processing works. All the roads were constructed last year. “This is a very ambitious project. And the implementation of new projects in precious metals mining confirms the fact that Magadan region is firmly moving forward, increasing gold and silver output from year to year”,…

Russia: gold output forecast for 2017

Gold production in Russia in 2017 will grow by 2-2.5%, to 304-305 tons, according to the Union of gold-miners of Russia. The union expects the average price to hit $1.27 thousand per 1 gold ounce. “Under the expected cross-rate of the ruble to the dollar at 57-65 rubles per dollar, we believe the ruble price…

Russia: gold output up in January 2017

In January Russia increase gold ingot output by 5.7% YoY.

According to Rosstat, the January results exceed the December 2016 by 42.5%. (Ukrainian metal)

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…