Russia: Chelbanya extracts 305 kg of gold

The Chelbanya Quarry LLC, a Susumanzoloto daughter company, developing alluvial gold sites in Magadan region, has finished its washing season with 305 kg of gold, up by 8% YoY. This year the company intended to extract 300 kg of gold. Thus, the target was exceeded by 5 kg. The preparation for the alluvial season of…

Russia: gold output to rise in 2020

Russian companies may raise their production of mined and by-product gold, including gold produced through recycling of scrap metal and waste, and of gold concentrate by 1% YoY, to 371.5 million tons in 2020, Chairman of the Union of Gold Producers of Russia Sergei Kashuba said during a forum on November 12. “As we receive…

Azerbaijan: gold export up in January-September 2020

Azerbaijan increased export of gold by 24.2% YoY in January-September. The country exported gold worth $150 million, up by $29.2 million. Azerbaijan exported gold worth $25.8 million in September, up by $12.7 million. Gold mining in Azerbaijan is currently carried out by two companies – AzerGold CJSC, which accounts for 51% in Azerbaijan’s gold output,…