Velcom LLC, extracting gold on the territory of the Khabarovsk region, intends to obtain 50 kg of alluvial gold this season. Sands washing traditionally started in May. The company operates at one licensed site – the Bolin Brook deposit. So far 9 kg of gold has been extracted. Last year output was 60 kg. The…
“A gold processing mill with a capacity of 5 million tons a year will be built soon in Burabay district, Akmola region,” deputy governor of Akmola region Marat Igaliyev announced. RG Gold Company is developing the Raigorodok gold ore field in Akmola region. It is situated along the big gold ore belt not far from…
Manson Group LLC has transferred $1 million for the implementation of Makmal Gold Company LLC project, Kyrgyzaltyn OJSC reported. The financing is carried out according to the agreement on joint activities. In addition, the procedure on transfer of the assets of Kyrgyzaltyn OJSC in the branch of Makmalzoloto Combine to the authorized capital of the…
In May, Noviy Put LLC, a part of Susumanzoloto, extracted 15.5 kg of gold, up more than 3-fold YoY. In the first washing month of last year the company extracted 4.1 kg of gold. The company extracts gold in the Yagodinskiy district of the Magadan region at the Shakh, Khatynnakh, Mokhovoy and At-Uryakh deposits. In…
Lydian International President and CEO Joao Carrelo is stepping down, the company said in a news release. It said Carrelo was leaving the position effective from June 12 “as part of the company’s restructuring program”. Lydian also announced that the board of directors had appointed Edward Sellers, a current member of the board of directors,…
Since the start of the washing season the Vitim team has extracted 429 kg of gold on the territory of the Irkutsk region. Last year the result was 408 kg. This year the enterprise intends to obtain 2800 kg of gold. Thus, the output plan has been 15.3% fulfilled. In 2018 the yield was 2936…
Since the start of the year Druza LLC has produced 362.5 kg of gold, up by 4% YoY. Last year the output was 349.1 kg of gold in 5 months. The company is operating at one licensed site – the Nevskoye gold ore deposit in Irkutsk region. This year Druza intends to produce 945 kg…
Otradnoye LLC has won a right to develop a gold site in the Republic of Sakha (Yakutia). The price of the site on the Rodinka Brook totaled 17.105 million rubles. The deposit balance reserves are estimated at 82 kg of gold for open-pit extraction and 645 kg for underground mining. KTK LLC won the auction…
