Threat of coronavirus does not affect price of gold in Azerbaijan According to forecasts and researches of international financial institutions, prices of precious metals in Azerbaijan remain stable amid rising prices in the world associated with the threat of coronavirus, Chairman of the Executive Board of AzerGold CJSC Zakir Ibrahimov has said at a company’s…
The volume of gold extracted in Azerbaijan last year compared to the results for 2018 increased by one fifth (21.3%) and silver – by one third (33.2%), Zakir Ibrahimov, Chairman of the Executive Board of AzerGold CJSC, said at the company’s press conference on the results of 2019. Despite that last year the company planned…
In 2019 the Republic of Buryatia exceeded gold output plan by 15.9%. The region yielded 5562.5 kg of gold with the target being 4800 kg, or up by 6% YoY. Alluvial gold output totaled 499 kg, up by 24.9%. Ore gold yield grew by 5.6%, to 3063.5 kg. (Ukrainian metal)
In 2019, Azerbaijan more than doubled its gold exports, exporting as much as 4,802 kg of gold worth $172 million 435,300. The entire volume was exported to Switzerland. In 2018, gold exports from Azerbaijan amounted to 2,904 kg worth $118 million 39,420. Thus, during the reporting period, gold export increased quantitatively by 65.4% and by…
In January, Khabarovsk region produced 1494.4 kg of gold, up from 1314.5 kg in January 2019. Alluvial gold extraction will begin in May-June depending on the weather. Silver output decreased by 24.6%, to 3237.7 kg, mostly due to the lower content in ore. In January 2019, the region yielded 4292.4 kg of silver. (Ukrainian metal)
The Russian tycoon Roman Trotsenko plans to produce gold and is interested in assets with reserves of at least 50 tons of gold. “We are not interested in small projects with reserves of less than 50 tons. Composition of ores is not important for us, we are ready to work with refractory ores, with sulfide…
Druza LLC intends to launch operation of the Egitinskiy Mining and Processing Works in April. The GOK is situated at the fluorite deposit of the same name in the Republic of Buryatia. The launch has been postponed from 2019 due to the need of adjusting the design documentation. The GOK is expected to reach its…
According to the Ministry of Natural Resources and Ecology of Magadan region, in January gold output totaled 2282.4 kg, up by 82.5 kg YoY. Tenkinskiy city district yielded 1709.9 kg of ore gold. Omsuchanskiy district was the main silver extractor with 50.6 tons. Last year, gold output in the region totaled 46.36 tons, up by…
