In 2018 Petropavlovsk plc decreased gold output by 3.9% YoY, to 422.3 thousand ounces. This year the company expects to produce 450-500 thousand ounces. Petropavlovsk is among 5 largest gold producers in Russia. Its main assets are in Amur region: Pokrovsky mine, Pioner, Malomyr and Albyn. (Ukrainian metal)
In 2018 Kazakhstan produced 97.429 tons of gold, up by 14.2% YoY. According to the Statistics Committee of the Ministry of the National Economy, silver output dropped by 8.6%, to 968.941 tons. (Ukrainian metal)
Russian gold production rose by 1.8% YoY in 2018, the Federal State Statistics Service said. In December 2018, gold production decreased by 0.5% YoY and by 2.1% MoM. No absolute figures were disclosed. (Prime/Ukrainian metal)
Gold purchases by Russian banks fell by 4.5%, to 195.85 tons in 2018, which accounted for 69% of all produced gold, a source in the Finance Ministry reported on January 22. “Besides, domestic banks signed sales contracts for gold for the same amount, 195.89 tons, in 2016. VTB, Gazprombank, Sberbank and Otkritie Financial Corporation (FC)…
Kyrgyzaltyn company announced a competitive selection of two candidates for independent members of the Board of Directors of Centerra Gold, nominated by the Kyrgyz side. The competitive selection will be held in two stages. At the first stage, an interdepartmental commission will estimate the applications submitted and select the most suitable candidates. At the second,…
Khujir Enterprise LLC has started resuming mining at the Konevinskoye gold deposit in the Republic of Buryatia. The work of the mine was suspended in 2014. The decision to resume operation was taken in December 2018. The C1+C2 reserves of the deposit are over 2 tons of gold. (Ukrainian metal)
In 2018 Irkutsk region mined 24.838 tons of gold, up by 8.5% YoY. Ore gold accounted for 13.935 tons, while alluvial for 10.9 tons. Three enterprises covered 53% of the output (12.991 tons) – Polyus Verninskoye, Ugakhan and Vysochaishiy. Alluvial gold leaders were Vitim and Lenzoloto (7.53 tons). (Ukrainian metal)
Yakutia has entered the top-3 gold-mining regions in Russia. For the first time since Soviet Union the region has exceeded the level of 28 tons of gold output in 2018. Oil and coal output was 12 and 17.7 million tons respectively. (Ukrainian metal)