In 2018 Polyus produced 2436 thousand ounces of gold, up by 13% YoY. Ore processing grew by 33%, to 38025 thousand tons. The increase is due to Natalkinskiy Mining and Processing Works in Magadan region reaching its design capacity of 10 million tons of ore per year. Revenue increased by 7%, to $876 million. This…
In 2024 the government of Russia expects the gold output to increase by 12.3% compared to 2018 (287.3 tons). Such indexes are set in the strategy of the mineral and raw material base development until 2035. In 2024 gold output is expected to hit 322.6 tons. Thus, annually gold extraction has to increase by 6…
According to preliminary estimates, in 2018 Kamchatka region extracted 5432,2 kg of gold, down by 20% YoY. Ore gold accounted for 5386 kg, down by 20%, and the rest (4.61 kg) for alluvial gold (down by 74%). Silver output decreased by 8.6%, to 16.2 tons. 10 companies were developing gold and silver deposits last year.…
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,…
