Charan LLC, extracting gold in the Republic of Sakha (Yaukutia) at the auction won the right to develop an alluvial gold site at the Rachyu Brook. The company competitor was Sibresursproekt LLC. Charan offered 1.320550 million rubles for the site. (Ukrainian metal)
The industrial company Kvartz, which is washing for alluvial gold in Zabaikalye region, intends to extract over 100 kg of gold this season. Last year the company yielded 141 kg of gold. This year the company will be operating at 5 sites. The work started on April 29. (Ukrainian metal)
Lenzoloto, which owns over 40 licenses to extract alluvial gold in Irkutsk region, in 2018 received 11.82 billion rubles of sales revenue, up by 9% YoY. The net revenue reached 8.13 billion rubles, up by 9%. Last year the company sold 4594 kg of gold, up from 4532 kg in 2017. The company net profit…
Gold mining company Nordgold, controlled by the Russian tycoon Alexei Mordashov, plans to raise investment in its Lefa mine in Guinea by 15% YoY, to about $80 million in 2019, the company said. “We remain committed to Guinea and to driving performance at the Lefa mine. This intensive investment program will put us in the…
Investor Manson Group and administration of Toguz-Toro district will sign an agreement on employee benefits in the near future as a part of a project to resume work at Makmal field, Kyrgyzaltyn OJSC reported. Management of the company has held public hearings in 13 villages together with the investor and head of the Toguz-Toro district…
In the incomplete January-April, Seligdar sold 1035 kg of gold. Until the end of April the company intends to sell 220 kg more. Thus, sales will total 1255 kg, up from 406 kg in January-April 2018. In 4 months, Poisk team has yielded 65.668 kg of gold, up from 39.131 kg last year. (Ukrainian metal)
In January-March, Polymetal increased output by 27% YoY, to 374 thousand ounces of gold equivalent. Gold manufacture grew by 41%, to 302 thousand ounces, while that of silver dropped by 15%. The share of gold in the overall output of the group totaled 81%. Revenue increased by 28%, to $454 million, mostly due to the…
The output of the U.K. Highland Gold Mining (HGM), which mines in Russia, grew by 21% YoY, to 71,961 ounces, or 2.2 tons, of gold and gold equivalent in January-March, the company said in a statement on April 25. Production at the Mnogovershinnoye deposit jumped by 58% YoY, to 30,600 ounces, output at the Novoshirokinskoye…
