Russia: Priangarye produces 1 ton of gold

Since the beginning of 2018 Irkutsk region obtained 1044.2 kg of gold. All the metal was mined. In particular, Polyus Verninskoye mined 560.7 kg of gold. Vysochaishiy obtained 323 kg of gold. Ugakhan, Vysochaishiy’s subsidiary, produced 114 kg of gold, while Druza LLC in January yielded 46.5 kg of gold. This year all the companies…

Kazakhstan: gold reserves up in 2017

Last year the Ministry of Investments and Development held auctions for the usage of subsoil resources on 58 sites.

According to the ministry, gold reserves increased by 35 tons, silver – by 25 thousand tons, uranium – by 14 thousand tons, tungsten – by 70 tons and copper by 1.1 million tons. (Ukrainian metal)

Russia: gold output up in 2017

In 2017 Russia obtained 306.9 tons of gold, up by 6.3% YoY. According to the Ministry of Finances press-service, mined gold output totaled 253.9 tons (237.8 tons in 2016), by-product gold – 16.4 tons (15.3 tons) and secondary gold – 36.6 tons (35.4 tons). Silver output in 2017 decreased by 4% YoY, to 1.044 million…

Russia: Rosgeo discovers 74 tons of gold in Adygeya

Severo-Kavkazskoye PGO, a part of Russia’s state geological exploration company Rosgeo, has discovered 73.79 tons of inferred gold reserves at the Dakhovskaya area of the Belorechensky structure in the southern republic of Adygeya. According to the company statement on February 14, the project is implemented under a 173.2 million ruble state contract concluded by the…

Russia: gold output up in 2017

Russia’s gold output increased by 6.4% YoY, to 306.9 tons in 2017, the Finance Ministry said in a statement on February 13 with data on supplies of the metal to gold refining plants. Mined gold output rose by 6.8%, to 253.9 tons, by-product gold output increased by 7.2%, to 16.4 tons, and gold scrap production…

Russia: GV Gold output up in 2017

Gold output of GV Gold rose by 37% YoY, to 224,500 ounces in 2017, or 5% above the plan due to the launch of the Drazhnoye and Ugakhan deposits and a new dredging unit at the Bolshoi Kuranakh mine, the company said in a statement on February 5. The capacity of company’s processing facilities increased…

Tajikistan: KRL to mine gold at Pakrut

By the end of the year KrysoResourcesLImited (China) intends to have mined 207 kg of gold at the Pakrut deposits. Gold output is expected to increase to 1-1.5 tons per year. The company started developing Pakrut in 2012. Since then investments have totaled $180 million, and $76 million more are needed. At present the project…

Russia: Petropavlovsk gold output up in 2017

In 2017 Petropavlovsk Plc increased gold output by 9.8% YoY, to 439.6 thousand ounces (13.7 tons), while the plan was 420-460 thousand ounces. The prime cost of the gold manufacture last year was over $700 per ounce, higher than the expected range of $600-700 per ounce. Gold sales totaled 439.8 thousand ounces at the average…