Russia: new gold filed found in North Osetia

Prospectors have discovered a new promising gold-quartz-sulfide and gold-quartz Baukomskaya field in the mountainous parts of the Zakkadon River valley in the Republic of North Osetia – Alania. The R3 reserves on the area of 18 square km are estimated at 213 tons with gold content of 1.78 g per ton. The R1 potential could…

Russia: Plamya gold output down in 2019

This year the Plamya miners team, operating in the Republic of Sakha, extracted 170 kg of alluvial gold, down by 110 kg from the target. The output decreased because of the thinning of reserves at licenses sites and the late start of the washing season. The company operated at the Komagin and Sygynakh sites from…

Russia: jewelry industry’s gold and silver consumption down in January-September 2019

Gold consumption by Russia’s jewelry industry fell by 0.24% YoY, to 25.002 tons, or 803,800 ounces, in January-September, a representative for the Assay Chamber of Russia reported. The industry’s silver consumption decreased by 2.61%, to 80.374 toes, or 2.584 million ounces, in the period. Russia’s gold jewelry production fell to 22.39 million items with a…