In 2019 Magadan region yielded 46.356 tons of gold, up by 25.4% YoY, and 612.671 tons of silver, down by 5.19%. The gold target output was set at 42.7 tons. Ore gold manufacture grew by 47.18%, to 27.948 tons, and alluvial – by 2.39%, to 18.99 tons. (Ukrainian metal)
Atomredmetzoloto (ARMZ), a subsidiary of Russian state nuclear power corporation Rosatom, launched a gold mining venture in the republic of Yakutia in 2019, and plans to produce its first gold in 2020, ARMZ said in a statement on January 27 without disclosing the name of the field that was launched. “The gold production project in…
Mining, drilling and blasting operations will be resumed at Kumtor gold mine in the coming days, the Chairman of the Central Committee of the Mining and Metallurgical Trade Union Eldar Tadzhibaev has announced. According to him, Kumtor Gold Company CJSC received the necessary permission from the state bodies. The State Committee for Industry, Energy and…
Russia’s gold output rose by 16.18% YoY, to 337.26 tons in January-November 2019, the Finance Ministry said citing the data on supplies to the refining plants. Mined gold output rose by 9.09%, to 266.06 tons, and by-product gold output by 21.97%, to 17.6 tons, while gold scrap production grew by 67.6%, to 53.6 tons. Silver…
In 2019, Irkutsk region extracted 25,257 kg of gold, up by 2% YoY. Polyus and Vysochaishiy contributed the most of the output. In particular, Polyus Verninskoye produced 7.902 kg of ore gold and Lenzoloto – 4,529 kg of alluvial gold. Vysochaishiy yielded 3,438 kg of gold and its daughter company Ugakhan LLC – 2,350 kg.…
In 2019, the net profit of Kyrgyzaltyn OJSC, excluding Centerra Gold dividend income, amounted to 286.5 million soms, press service of the company reported. Compared with 2018, the figure has reportedly tripled. In addition, the company has transferred 400 million soms in taxes and payments to the budget. Including dividends, 100 million soms have been…
In 2019 Lena LLC, developing alluvial gold sites in Irkutsk region, extracted 337.5 kg of gold, up by 19% YoY. The target output was 330 kg. In 2018 the company extracted 282.8 kg of gold. (Ukrainian metal)
Trans-Siberian Gold (TSG) has found a zone of high mineralization some 400 meters to the north of the lode No. 25 at the Asachinskoye deposit in Kamchatka. According to preliminary drilling, the largest gold concentration is 133 g per ton. Investments in the deposit development are estimated at $7.9 million. (Ukrainian metal)