Russia: Buryatia yields 4.7 tons of gold in January-October 2018

In January-October the Republic of Buryatia extracted 4756.3 kg of gold.

Ore gold accounted for 2806.9 kg.

Alluvial gold output totaled 1949.4 kg.

Last year the region extracted 5678 kg of gold, including 3610 kg of ore gold. (Ukrainian metal)

Russia: Krivbass finishes washing season

The gold-extracting company the Krivbass Team LCC has finished the washing season of 2018 with 602 kg of gold. The main company accounted for the most gold – 558 kg. The rest (44 kg) was extracted by the daughter company – The team named after Berzin LLC. The company is developing alluvial gold sites in…

Russia: Khiagda modernizing transport fleet

Khiagda has received new KamAZ shift automobiles. They will be used to transport employees from the settlement to the industrial objects and deposits. To carry out repair works at pipelines, assemble and disassemble pumps and for loading and unloading the company has bought an Ivanovets truck crane. Next year Khiagda will continue replacing its old…

Russia: Gran to increase gold output by 2020

Gran LLC, the gold-extracting company from Magadan region, intends to have increased alluvial gold extraction to 500 kg by 2020. In the 2018 season the company obtained 300 kg of gold. Last year the output was 281.1 kg. This year the company has commissioned a processing complex with the daily capacity of 1.5-2 thousand cubic…

Kyrgyzstan: annual demand for gold at 5 tons

Kyrgyzstan’s annual demand for gold is 5 tons, the head of the Fiscal Policy Department of the Ministry of Economy Kuban Aidaraliev announced. According to him, the National Bank buys 2.5 tons annually, while jewelers import other 2.5 tons. “Having own gold reserves, Kyrgyzstan is forced to import pure gold. Our jewelers have to pay…

Kyrgyzstan: operation of Kumtor mine to by extended

Operation of Kumtor mine may be extended. This was announced at a meeting of the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev with the President and CEO of Centerra Gold Inc. Scott Perry. According to the Information Support Department of the Government’s Executive Office, the parties discussed issues of the company’s work. In particular, at the…

Kyrgyzstan: government to revise Kumtor agreement

The government of Kyrgyzstan wants to revise a strategic agreement with the Canadian company Centerra Gold Inc. on cooperation on Kumtor project, the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziyev announced at a meeting of the Parliament. According to him, the current government is not satisfied with the terms of the agreement signed by the ex-Prime…

Russia: Chukotka gold and silver output down in January-October 2018

In January-October Chukotka Autonomous District yielded 20998 kg of gold, down by 4% YoY.

Ore gold accounted for 18424 kg, down by 6%.

Alluvial gold output totaled 2573 kg, up by 11%.

Silver extraction dropped by 12%, to 96.6 tons. (Ukrainian metal)