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…
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…
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…
In January-September Kamchatka extracted 4322 kg of gold, including 4305 kg of ore gold and 18 kg of alluvial gold. Silver output totaled 7.3 tons. Compared with the 9 months of 2018, gold output grew by 9%, while that of silver decreased by 6%. Three gold-extracting enterprises were able to increase output: SiGMA produced 350…
Russian precious metals producer Polymetal International increased gold production by 25% YoY, to 1.005 million ounces, while silver output fell by 16%, to 16.4 million ounces in January-September. “Continued strong performance at Kyzyl is driving our production dynamics. We now expect to exceed our full-year production guidance (of 1.55 million ounces by up to 50,000…
In January-September gold output in Magadan region increased. In particular, as of October 1 the region has extracted 36.1 tons of gold, up by 6.3 tons YoY. Silver output totaled 492.8 tons. Tenkinsky City District mined the most ore gold – 14.5 tons. Alluvial gold accounted for 15.8 tons, with Yagodinsky City District yielding 6.2…
In January-September Petropavlovsk PLC produced 342.3 thousand ounces of gold, up by 23.4% YoY. The increase is due to the growth of output at Malomyr and Albyn mines because of the higher gold content in ore, as well as processing of concentrate at Pokrovsky combine, which started in July. This year Petropavlovsk intends to produce…
The combined gold production of companies in Magadan region rose by 21% YoY, to 36.1 tons in January-September, the region’s government said in a statement on October 22. The region’s Tenkinsky City District is the leading gold producer with an output of 14.5 tons. Production of alluvial gold amounted to 15.8 tons in the period,…
