Since the start of the season, the Vitim team of miners, developing alluvial gold sites in Irkutsk region, has extracted 885 kg of the precious metal, down by 2.2% YoY. This year the company intends to obtain 2800 kg of gold. Thus, so far the output target has been 32% fulfilled. The washing season will…
In May-June Maristyi LLC extracted 139.9 kg of alluvial gold in Amur region, down by 9% YoY. In the past three years the company has considerably increased output. Thus, in 2016 it extracted 411.3 kg of gold, in 2017 – 461.7 kg and in 2018 – 514 kg. The company does not disclose the amount…
Prolonged delays in addressing the matter of Lydian Armenia’s operations is economically damaging not only to the company, but also to the country in general, said the Armenian British Business Chamber (ABBC) in a statement. “On July 9 at the National Assembly of the Republic of Armenia the ongoing issue of our member Lydian Armenia…
The largest Petropavlovsk shareholder Kenes Rakishev has confirmed that the autoclave hydrometallurgical complex at the Pokrovsky mine in Amur region is scheduled to be commissioned in September. The autoclave started operating in a test mode last December. The first gold ingot was also received that month. 4 autoclaves are assembled at the mine. In September…
Niman miners team LLC, extracting alluvial gold on the territory of Khabarovsk region, since the start of the season has obtained 70 kg of gold, down almost 2-fold YoY. The current washing season started almost a week later than usual – on May 6. One of the reasons of the low output was heavy rains…
In 2018 VTB purchased 11.04 tons of gold and 3.42 tons of silver from the Republic of Sakha (Yakutia) extractors. To prepare gold-extractors for the 2019 season, the bank has provided 2 billion rubles, up by 18% YoY. This year VTB intends to buy 12 tons of gold and 4 tons of silver. (Ukrainian metal)
Kyrgyzstan plans to reduce its dependence on Kumtor. According to representatives of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan, it is necessary to increase production at such fields as Taldy-Bulak Levoberezhny, Ishamberberdi, Bozymchak, Kuru-Tegerek, Karakazyk, Jamgyr and Chaarat. In addition, it is planned to launch Jerooy project. According to preliminary data,…
Since the start of the washing season, the Novaya miners team has extracted 75 kg of gold. The company plan for this year is 75 kg. At present the company is carrying out additional prospecting works at the Tangrak site, the license for which was acquired last December. The company also intends to commission a…