Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev has met with Scott Perry, President and CEO of Centerra Gold Inc., and some members of the Board of Directors of the Canadian company. During the meeting, issues of the company’s activities and prospects for deepening cooperation in the interest of further improving the efficiency of the Kumtor mine…
Status LLC and its daughter company Orotukanskaya Alluvial Company LLC are developing alluvial gold sites in Magadan region. This year they intend to extract at least 1 ton of gold. The companies started the washing season in early May. So far they have obtained 535 kg of gold, up by 10% YoY. Last year the…
For the sixth year in a row Russia has been retaining the third position in the world ranking of gold extraction, following China and Australia. In 2018 Russia extracted 329.9 tons of gold, up by 3.7% YoY. The leading positions in Russia are held by Krasnoyarsk and Magadan regions, as well as the Republic of…
New Ore Company LLC, owning 15 licenses for the development of sites in the Far East, intends in 2021 to commission the Petukh ore occurrence in Magadan region, and in 2020 to start developing the Morozkinskoye deposit in the Republic of Sakha (Yakutia). Petukh reserves are estimated at 52 tons of gold with the possible…
Chitageologorazvedka, a part of the state complex Rosgeologia, is finalizing prospecting work at the Darasun ore-alluvial district at the Zharcha-Talatuy site. The object with the size of 13.3 square km is situated in Zabaikalye region. During its operation the enterprise has found 4 mineralized zones with the expected reserves of R1 gold of at least…
Chinese company, which is developing a gold deposit in Solton-Sary, will pay compensation for the death of livestock, the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan reports. According to the committee, its Chairman Emil Osmonbetov asked the company’s management to resolve the issue in order to create a positive image of the…
Khuzhir Enterprises LLC intends by the end of the year to have resumed operation of the gold-extracting factory at the Konevinskoye deposit in the Republic of Buryatia. In 2020 the company plans to produce at least 400 kg of gold. Investments in the project reach 400 million rubles. Khuzhir Enterprises started developing the deposit in…
Kumtor gold mine took the 8th place out of 10 among the mines with the lowest costs for their maintenance in the first quarter of 2019. Mining Intelligence looked at costs at primary gold mines and ranked them based on average all-in sustaining costs (AISC). The AISC metric serves as a benchmark of a mine’s…
