Russia: Polyus gold output up in 2018

In 2018 Polyus produced 2436 thousand ounces of gold, up by 13% YoY. Ore processing grew by 33%, to 38025 thousand tons. The increase is due to Natalkinskiy Mining and Processing Works in Magadan region reaching its design capacity of 10 million tons of ore per year. Revenue increased by 7%, to $876 million. This…

Russia: Petropavlovsk gold output down in 2018

In 2018 Petropavlovsk plc decreased gold output by 3.9% YoY, to 422.3 thousand ounces.

This year the company expects to produce 450-500 thousand ounces.

Petropavlovsk is among 5 largest gold producers in Russia. Its main assets are in Amur region: Pokrovsky mine, Pioner, Malomyr and Albyn. (Ukrainian metal)

Kazakhstan: gold output up in 2018

In 2018 Kazakhstan produced 97.429 tons of gold, up by 14.2% YoY.

According to the Statistics Committee of the Ministry of the National Economy, silver output dropped by 8.6%, to 968.941 tons. (Ukrainian metal)

Russia: gold output up in 2018

Russian gold production rose by 1.8% YoY in 2018, the Federal State Statistics Service said.

In December 2018, gold production decreased by 0.5% YoY and by 2.1% MoM.

No absolute figures were disclosed. (Prime/Ukrainian metal)

Russia: banks gold purchases down in 2018

Gold purchases by Russian banks fell by 4.5%, to 195.85 tons in 2018, which accounted for 69% of all produced gold, a source in the Finance Ministry reported on January 22. “Besides, domestic banks signed sales contracts for gold for the same amount, 195.89 tons, in 2016. VTB, Gazprombank, Sberbank and Otkritie Financial Corporation (FC)…

Russia: Konevinsky mine to start yielding gold in spring 2019

Khujir Enterprise LLC has started resuming mining at the Konevinskoye gold deposit in the Republic of Buryatia.

The work of the mine was suspended in 2014.

The decision to resume operation was taken in December 2018.

The C1+C2 reserves of the deposit are over 2 tons of gold. (Ukrainian metal)

Russia: Irkutsk region gold output up in 2018

In 2018 Irkutsk region mined 24.838 tons of gold, up by 8.5% YoY.

Ore gold accounted for 13.935 tons, while alluvial for 10.9 tons.

Three enterprises covered 53% of the output (12.991 tons) – Polyus Verninskoye, Ugakhan and Vysochaishiy.

Alluvial gold leaders were Vitim and Lenzoloto (7.53 tons). (Ukrainian metal)

Russia: Yakutia in top-3 gold miners

Yakutia has entered the top-3 gold-mining regions in Russia.

For the first time since Soviet Union the region has exceeded the level of 28 tons of gold output in 2018.

Oil and coal output was 12 and 17.7 million tons respectively. (Ukrainian metal)

Russia: Amur region gold output down in 2018

Last year enterprises extracting gold in Amur region obtained 22.7 tons, down by 12% YoY. Ore gold accounted for 14.1 tons and alluvial gold – for 8.7 tons. The decrease in the output has to do with the drop in the manufacture at Petropavlovsk enterprises and at the Berezitoviy mine (Nordgold). Thus, last year Petropavlovsk…

Russia: Chukotka gold output down in 2018

Gold production on Russia’s Chukotka peninsula decreased by 4.81% YoY, to 24.130 tons in 2018, an official at the regional industry policy, construction, and housing and utilities department reported on January 14. Placer gold output grew by 11%, to 2.583 tons. Output of Chukotka Mining and Geological Company, a unit of Kinross Gold, rose by…

Russia: Kamchatskoye Zoloto becomes Kamchatka resident

Kamchatskoye Zoloto has become a resident of the territory of advanced development Kamchatka. The process has been carried out in stages. The company will carry out a project to modernize and develop Zolotoye, Kungurtsevskoye, Uglovoye and Baranievskoye gold deposits in 2019-2034. Some 2.15 billion rubles will be invested. In 10 years budgets of all levels…

Russia: Seligdar gold output up in 2018

This year Seligdar has extracted 6 tons of gold, up by 30% YoY. “The considerable growth of the gold-extracting division was the result of the holding investments in the development of capacities”, Seligdar president Konstantin Beirit declared. The long-term strategy adopted in 2018 presupposes reaching the annual output of 10 tons of gold in 7…

Russia: Lena Zoloto exceed gold output plan in 2018

In 2018 Lena Zoloto LLC, developing alluvial gold sites in Irkutsk region, extracted 155.1 kg of the precious metal.

The target for the year was 120 kg, thus, it had been exceeded by 29.2%.

The company did not disclose its output in 2017. (Ukrainian metal)

Russia: Sever-Tech-Resurs gold output up in 2018

In 2018 Sever-Tech-Resurs LLC has obtained 163.2 kg of alluvial gold, up 1.7-fold YoY.

The target for 2018 was 100 kg.

The company, registered in September 2009, is operating in Magadan region.

So far Susumanzoloto enterprises have extracted 713.3 kg of gold. (Ukrainian metal)