The gold output of Petropavlovsk Plc, which operates gold deposits in Russia, decreased by 4.4% YoY, to 107,700 ounces, or 3.35 tons, in January-March, the company said. Petropavlovsk still plans to raise gold production to 450,000-500,000 ounces in 2019 from 422,300 ounces produced in 2018. The total cash costs may also rise to $850-950 per…
The Ministry of Industry and Geology of the Republic of Sakha (Yakutia) has set a monthly gold and silver output plan for the year. Until the end of the year the region has to extract 28.8 tons of gold (29.5 tons in 2018). In particular, the Aldansk district is expected to yield 12.4 tons of…
Dependence on Kumtor is a big mistake of the past governments of Kyrgyzstan, Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev stated at a meeting of the Parliament on April 24. According to him, Kumtor has been playing a historical role in the development of the country’s economy for 20 years. “Government thinks about a harm when…
In January-March, Seligdar produced 598 kg of gold, up by 146% YoY. Ore mining totaled 1487 thousand tons, up by 12%. In March, 189.2 kg of gold were produced. Tin concentrate output reached 450 tons. In Q1 2018 no tin was produced. Gold sales revenue grew 3-fold, to 2 billion rubles, and tin – 20-fold,…
Gold production of Polyus increased by 19% YoY, but fell by 6% QoQ, to 600,700 ounces in January-March, the company said in a statement on April 23. Sales grew by 24% YoY, but dropped by 11% QoQ, to 570,000 ounces. Production on the Olimpiada deposit rose by 17%, to 248,300 ounces, on Blagodatnoye by 3%,…
In January-March, Kazakhstan produced 22738 kg of raw and semi-wrought gold, up by 7.3% YoY. Silver output dropped by 4.9%, to 230237 kg. At the same time the manufacture of raw aluminum and aluminum oxide decreased by 9.7%, to 395864 tons, lead – by 16.8%, to 32408 tons, zinc – by 2.9%, to 80191 tons,…
German company Aurum Deutschland AG will build a mining and metallurgical plant in the Kordai district of the Zhambyl region. The major construction project was discussed at a meeting of Zhambyl regional administration with representatives of German business. The idea of the project arose after Nursultan Nazarbayev urged German investors to invest in Kazakhstani projects…
Belarus will resume negotiations with Sudan on the second site for gold extraction after the situation in the country is stabilized, Belarusian Natural Resources and Environmental Protection Minister Andrei Khudyk declared. The second site has been chosen but conditions for using it have not been totally agreed upon. “We will definitely keep an eye on…
