In July, Uzbekistan became the largest global gold seller. The country exported 11.6 tons of gold. Mongolia was next with 6.1 tons. Russia and Germany exported 0.5 tons each. Turkey bought the most gold – 19.4 tons, followed by Qatar (3.1 tons), India (2.8 tons), Kazakhstan (1.9 tons) and Ukraine (300 kg). (Ukrainian metal)
Since the start of the season, the miners team Vitim has extracted 1596 kg of gold, down by 13% YoY. This year, the company intends to extract 2500 kg of gold. Last year output was 2819 kg. Vitim owns over 30 licenses and is operating in Irkutsk region. (Ukrainian metal)
In January-August, Druza LLC extracted 699.3 kg of gold at the Nevskoye ore deposit in Irkutsk region, down by 6.7% YoY. This year the company intends to mine 1100 kg of gold. Thus, the target has been met by 64%. Druza obtained the license to the deposit in 2003. The license is valid until 2029.…
The physical volume of gold deals on the Moscow Exchange fell by 31.91% YoY, to 7.517 tons in January-August, the Moscow Exchange reported. The volume of silver deals more than tripled to 21.287 tons. In monetary terms, deals in gold and silver fell to 30.925 billion rubles in the period from 27.7 billion rubles in…
Azerbaijan’s export of gold increased by 13.5% YoY, to $96.5 million, in January-July 2020, department head at the Center for Analysis of Economic Reforms and Communications Nijat Hajizade reported. Azerbaijan exported gold worth $85 million during the same period of 2019. Azerbaijan exported 2,147 kg of gold to the world markets during the reporting period,…
Russia’s gold output rose by 2% YoY, to 138.1 tons in January-June, the Finance Ministry said quoting supplies to the refining plants. Mined gold output rose by 5.3%, to 116.38 tons, while by-product gold output decreased by 10.9%, to 8.27 tons, and production of gold scrap fell 1by 3.3%, to 13.45 tons. Russia’s silver output…
Until 2029, gold output in Russia could reach 482.1 tons (15.5 million ounces) per year. According to Fitch Solutions, this year gold output will be 351.5 tons (11.3 million ounces). In the next 9 years, output will be increasing by 3.7% per year. (Ukrainian metal)
Ametistovoye gold-extracting company intends to start developing the Central and Southern sites of the Ametistovoye deposit in Kamchatka region. The Central site is expected to yield on average 800 kg of gold per year, and the Southern – 400 kg. The deposit reserves amount to 51.8 tons of gold and 177.8 tons of silver. (Ukrainian…
