In January-February, Amur region yielded 2587.7 kg of gold, down by 3.3% YoY. Only ore gold is being mined now. Petropavlovsk enterprises extracted the most gold. In particular, Albynsky Mine extracted 855 kg, Malomyr – 722 kg, and Pokrovsky – 541 kg. Berezitoviy Mine extracted 300.9 kg of gold, and Priisk Solovievsky – 168.8 kg.…
The physical volume of gold deals on the Moscow Exchange slid by 76% YoY, to 1.285 tons in January-February, according to the Moscow Exchange. The volume of silver deals soared by 70%, to 5.774 tons. In monetary terms, the gold deals fell to 4.5 billion rubles from 11.4 billion rubles. In February, the gold deals…
In 2019 Pavlik gold-extracting company yielded 6.69 tons of gold, up by 2% YoY. In early 2020, the factory produced the 25th ton of gold since the start of the operation. In 2015 Pavlik produced 1.08 tons of gold, in 2016 – 3.83 tons and in 2017 – 6.54 tons. The company processing capacity is…
In 2019 gold exports grew 8-fold, to $5.7 billion, with almost everything shipped to the UK. In particular, the United Kingdom purchased $5.33 billion worth of gold, up 12-fold. UK accounted for 93% of all gold exports in 2019. Other 12 countries, including Kazakhstan and Switzerland, purchased $409 million worth of gold. (Ukrainian metal)
The Ministry of Natural Resources and Ecology of Magadan region expects gold output this year to amount to 46 tons. Last year 46.355 tons were extracted. Polyus Magadana yielded the most gold – 12.888 tons, or 27.8% of the total output. Polymetal extracted 6.985 tons of gold, and Pavlik deposit yielded 6.698 tons. Silver extraction…
Kopy Goldfield AB (Sweden) has two ways to develop the Krasnoye deposit in Irkutsk region. The first is the combined development. At first a processing factory with the capacity of 1 million tons of ore per year and an open quarry at the Krasniy site will be constructed. After that a mine will be constructed.…
Gold reserves of the Russian precious metals producer Polymetal International went up by 6% YoY, to 23.7 million ounces of gold equivalent in accordance with the JORC Code, the company said in a statement on February 27. Ore reserves of the company increased by 5%, to 25.2 million ounces of gold equivalent due to geological…
It is planned to increase the tax rate on income of mining and processing enterprises by three percent, if they sell and process gold outside the republic. The Government put forward the initiative. The Ministry of Economy notes that the proposed amendments to the Tax Code will streamline the management of taxation of income of…
