Russia: SiGMA produces 87 kg of gold

Since the start of the commissioning of the gold-extracting factory at the Ozernovsky Mining and Processing Works, Siberian Mining and Metallurgical Alliance (SiGMA) has yielded 87 kg of gold. The lesser line with the capacity of 60 thousand tons of ore per year was commissioned in June. In the first year of operation it is…

Uzbekistan: Turkish companies to develop gold deposits

Turkey’s Tasyapi company and the State Committee of Uzbekistan for Geology and Mineral Resources have signed an agreement on the development of two gold deposits in the Samarkand region. In accordance with the agreement, the parties will organize joint exploration and development of the Galabulak and Kushtepa fields. During four months, the Turkish company will…

Russia: Polyus Aldan reaches highest gold output

On October 22 Polyus Aldan reached the highest level of gold output in the past several decades.

Since the start of the year it has extracted 5 tons of gold.

“In Q3 gold output grew by 13% QoQ, due to the increase of ore processing”, the company managing director Alexei Noskov said. (Ukrainian metal)

Kyrgyzstan: Makmal mine looking for partner

According to preliminary data, Makmal field will have been put up for competition by November 1, the Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan Suyuntbek Alikeyev announced. According to him, about 200-300 million soms are needed for additional exploration of the two sections of the field. Kyrgyzaltyn JSC…

Russia: GV Gold’s output up in Q3 2018

Gold output of GV Gold rose by 50% YoY and by 27% QoQ, to 92,500 ounces in July-September, the company said in a statement on October 18.

In January-September production grew by 64% YoY, to 220,300 ounces.

In 2018 the company plans to produce 280,000-300,000 ounces of gold. (Prime/Ukrainian metal)

Russia: Daksib gold output down

As of October 1, the Daksib LLC alluvial gold output in Irkutsk region totaled 160.6 kg, down by 26.3% YoY. As of October 1, 2017 the company washed 217.9 kg of gold. Last year the output totaled 232.6 kg. This year the company intends to extract 265 kg of gold. Daksib owns 4 licenses in…