Russia: Kolyma gold mining up in 2017

So far the gold washers of Kolyma have yielded 1.7 tons more gold then last year. The plan for the year is 30.5 tons. In 2016 Kolyma miners produced 27.9 tons of gold and 889.2 tons of silver, with 15.9 tons of alluvial metal, an absolute record for Russia. Susumanzoloto yielded 4.5 tons. (Ukrainian metal)

Russia: gold mining in Kolyma to increase

Kolyma is in the TOP-3 gold miners in Russia, occupying the first position in alluvial gold and silver. The Magadan region also has considerable deposits of copper, tungsten, tin, molybdenum and other mineral resources. In 2016 the region yielded 27.9 tons of gold and 889.2 tons of silver, alluvial gold mining hit another record –…

Kyrgyzstan: work on Solton-Sary mine resumed

Operations on Solton-Sary mine were resumed after a seasonal halt, press service of Kyrgyzaltyn OJSC informed. It is noted that the gold processing plant of the mine started working. Repairs, stripping works were conducted and about 4,500 tons of ore were mined during the planned shutdown. “The second line of the gold processing plant will…

Russia: Petropavlovsk profits in 2016

In 2016 Petropavlovsk received $31.7 million of net profits as opposed to $297.5 million of losses in 2015. According to the company statement, its revenue reached $540.7 million, down by 10% YoY. EBITDA increased by 16%, to $200 million. Gold manufacture prime cost dropped by 12%, to $660 per ounce. As of the end of…