Russia: Lenzoloto IFRS net loss up in H1 2017

The net loss of Russian gold producer Lenzoloto tripled to 1.072 billion rubles in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on August 24. The pre-tax loss also tripled to 1.091 billion rubles, income from sales fell by 17.5%, to 2.396 billion rubles, including income from gold…

Ukraine: gold and silver imports down in 2016

In 2016 Ukraine imported $13.07 million worth of gold, down almost 2-fold YoY.

According to the State Fiscal Service, the Netherlands supplied the most gold last year – $8.4 million, Switzerland – $3.8 million.

Silver imports dropped as well – by 7.1%, to $3.6 million. (Ukrainian metal)

Russia: gold output up in January-July 2017

In January-July Russia increased raw and powder gold manufacture by 11.7% YoY.

According to the Federal Service of State Statistics, in July gold output increased by 12.1% YoY, but dropped by 0.1% MoM. (Ukrainian metal)

Russia: Kolyma gold-mining growing

In January-July Magadan region fulfilled the gold-mining plan by 51%, having obtained 15.9 tons of gold, up by 2.9 tons YoY. This year the region intends to get 30.9 tons of gold. The growth has been provided by the ore companies, which have mined 2.5 tons more than in 2016. The most gold has been…

Russia: Rosgeo starts exploration for gold and copper at new Khabarovsk field

Russian state geological exploration company Rosgeo has initiated exploration of gold and copper at a 121 square kilometer Yumtulsky prospective area in Russia’s easternmost Khabarovsk region through its subsidiary Dalgeophizika.

According to the company statement on August 16, it plans to finish the survey until the end of 2019. (Prime/Ukrainian metal)

Azerbaijan: gold output up in January-July 2017

In January-July Azerbaijan obtained 3605 kg of gold, up 3.2-fold YoY.

According to the State Statistics Committee, in July gold output totaled 480.2 kg.

In 2016 Azerbaijan obtained 1894.1 kg of gold, down by 15% YoY. (Ukrainian metal)

Russia: HERGU gold output down

Since the start of the alluvial gold season HERGU has obtained 247 kg of the precious metal, down by 11% YoY. As of early August 2016, the company has obtained 278 kg of gold from its sites, with the same result in 2015. This year HERGU intends to get 700 kg of gold, down by…

Kyrgyzstan: Ak-Tyuz plant employees afraid to strike

Employees of Ak-Tyuz plant fear to hold a strike, the former chairman of the trade union Dokturbek Maychiev announced on August 10. According to him, six people were dismissed illegally, other 36 resigned voluntarily because they were tired of tolerating salary delays. “People are frightened. Those who cannot find another job are silent. They are…