Companies located in Magadan region produced 36.8 tons of gold in 2018, a record for the past 20 years, as the Natalka field of gold producer Polyus reached its projected capacity, the region’s government said in a statement on January 16. Lode gold output in the region amounted to 18.9 tons, and alluvial gold production…
The Federal Antimonopoly Service of Russia has allowed Polyus Krasnoyarsk purchasing 9.8% of the SL Zoloto LLC. As a result of the deal Polyus via its daughter company Polyus Krasnoyarsk will become the owner of 68.2% of SL Zoloto. SL Zoloto is the joint venture between Polyus and Rostec created to develop the Sukhoi Log…
Last year enterprises extracting gold in Amur region obtained 22.7 tons, down by 12% YoY. Ore gold accounted for 14.1 tons and alluvial gold – for 8.7 tons. The decrease in the output has to do with the drop in the manufacture at Petropavlovsk enterprises and at the Berezitoviy mine (Nordgold). Thus, last year Petropavlovsk…
Gold production on Russia’s Chukotka peninsula decreased by 4.81% YoY, to 24.130 tons in 2018, an official at the regional industry policy, construction, and housing and utilities department reported on January 14. Placer gold output grew by 11%, to 2.583 tons. Output of Chukotka Mining and Geological Company, a unit of Kinross Gold, rose by…
Gold production in Russia’s Khabarovsk region increased by 6% YoY, to 24.5 tons in 2018, the region’s government press service said. “The Khabarovsk region has set a new gold production record. Miners have already reported about 24.5 tons of the precious metal in 2018. This is not the final figure but it exceeds the previous…
Kamchatskoye Zoloto has become a resident of the territory of advanced development Kamchatka. The process has been carried out in stages. The company will carry out a project to modernize and develop Zolotoye, Kungurtsevskoye, Uglovoye and Baranievskoye gold deposits in 2019-2034. Some 2.15 billion rubles will be invested. In 10 years budgets of all levels…
Vysochaishiy has signed an agreement with Lanta-Bank to sell it 1769 kg of gold and 509 kg of silver this year. The estimated cost of the deal is 4.8 billon rubles. In January-November 2018 the company extracted 3826.9 kg of gold at its deposits. Its JORC reserves in Irkutsk region and the Republic of Sakha…
This year Seligdar has extracted 6 tons of gold, up by 30% YoY. “The considerable growth of the gold-extracting division was the result of the holding investments in the development of capacities”, Seligdar president Konstantin Beirit declared. The long-term strategy adopted in 2018 presupposes reaching the annual output of 10 tons of gold in 7…