In January-July, Russia produced 173.99 tons of gold, down by 1.3% YoY. Extracted gold accounted for 145.88 tons, down by 2.8%. In particular, Amur region decreased output by 30.2%, to 11.29 tons. Krasnoyarsk region produced the most gold – 32.29 tons, up by 2%, Magadan region – 25.15 tons, up by 3.5%, and Yakutia –…
Itkana LLC, a daughter company of Susumanzoloto, has extracted 500 kg of alluvial gold since the start of the season. Until the end of October, the company plans to get 50 kg more. The company was able to prepare 3 million cubic meters of rock until spring, which allowed launching the washing season earlier. In…
Units of Russian state nuclear corporation Priargunsky Industrial Mining and Chemical Union (PIMCU) and Atomredmetzoloto (ARMZ), as well as gold miners White Gold and Polyus Magadan have submitted bids for an auction for the republic of Yakutia’s second largest gold deposit Kyuchus, the Federal Mineral Resources Agency said in a statement on September 23. The…
The London Bullion Market Association (LBMA) has removed Kyrgyzaltyn OJSC from the LBMA Good Delivery List. The Kyrgyz company is not included in the list of reliable suppliers that could negatively affect the activities of the refinery, the cost of gold and the investment attractiveness of Kyrgyzstan. Executive Director of the International Business Council (IBC)…
In January-August, Magadan region yielded 33.41 tons of gold, up by 4% YoY. Ore gold accounted for 20.94 tons (+6%) and alluvial gold for 12.47 tons (+2%). Silver output amounted to 407 tons. This year, the region intends to produce 48 tons of gold and 580 tons of silver. Last year, the results were 49.14…
Export of gold has decreased 2.7-fold YoY since the beginning of 2021, the National Statistical Committee of Kyrgyzstan reports. According to the report of the committee’s specialists, the volume of export deliveries in January-July amounted to $973.5 million, down by 16.5%. Export of ores and concentrates of precious metals decreased by 22.7%. (24.kg/Ukrainian metal)
A company called Hun-Banyaszat Kutatasi, Fejlesztesi es Innovacios Kft. made some calculations and plans regarding opening a mine and sent them to the Hungarian Mining and Geological Service at the end of last October. This would be a new business venture, as the Hungarian company was registered in 2018, and originally had iron ore mining…
In January-June, Russia produced 141.422 tons of gold (extracted, mined and received from scrap and waste processing as well as in concentrate), down by 3.5% YoY. Overall primary gold output (from mineral materials) dropped by 5.34%, to 125.942 tons. In particular, extracted gold output decreased by 3.2%, to 112.612 tons, by-products manufacture – by 10.36%,…