In 2018 VTB purchased 11.04 tons of gold and 3.42 tons of silver from the Republic of Sakha (Yakutia) extractors.
To prepare gold-extractors for the 2019 season, the bank has provided 2 billion rubles, up by 18% YoY.
This year VTB intends to buy 12 tons of gold and 4 tons of silver. (Ukrainian metal)
The Ministry of Industry and New Technologies of Tajikistan has reported a significant increase in the production of precious metals in the country since the beginning of 2019. According to the source, the gold production in January-May increased by 60.8% YoY. At the same time, silver production increased by 37.6%. However, the ministry and other…
Some 1,395 kilograms of gold were extracted in Azerbaijan in January-May, up by 9.8% YoY, the Azerbaijani State Statistics Committee reported. Silver production in Azerbaijan increased by 18.1%. According to the statistics, the total volume of the extracted silver and concentrates reached 1,364 kilograms. Some 805 tons of copper ore and concentrates (+44.9%) were extracted…
In January-March, Russia produced 61.464 tons of gold, up by 13.3% YoY. The Gold Miners’ Union has increased its output forecast for 2019 to 340 tons, up by 3.1%, including 306 tons (+3.6%) of primary gold. Earlier it was expected to obtain 300 tons of primary gold. At the same time, silver output in Q1…
In January-May Kazakhstan’s production of raw gold and semi-processed gold, or in powder form, increased by 7.8% YoY, to 39,607 kg. In the reporting period the production of raw silver and semi-processed silver, or in powder form, equaled 400,235 kg, down by 2.5%. Besides, 676,942 tons (-8%) of untreated aluminum, aluminum oxide, 56,031 tons (-12.4%)…
As of June 1, Magadan region has yielded 12793 kg of gold and 276.1 tons of silver. Gold output grew by 4429.8 kg YoY, while silver dropped by 21.7 tons. Tenkinskiy city district was the leader in ore gold output (7892.3 kg). Alluvial gold extraction totaled 1622.7 kg with Yagodinsky city district contributing the most…
In January-May 8660 kg of ore gold was mined in Chukotka, down by 6.3% YoY.
Silver output dropped by 9.3%, to 44.6 tons.
Alluvial gold season will start this month.
5 enterprises mine ore gold in Chukotka.
In 2018 the autonomous district yielded 24130 kg of gold and 111.4 tons of silver. (Ukrainian metal)
In January-April, Azerbaijan produced 1,075 kg of gold, up by 14% YoY, the State Statistical Committee reported. Silver production increased by 15.4%, to 1,007 kg. Copper mining grew by 27.8%, with 654.7 tons of copper ore and concentrates produced during the first 4 months of the current year. As of May 1, finished copper ore…
In January-March, the British Trans Siberian Gold Plc, developing the Asachinskoye gold ore deposit in Kamchatka District, produced 11,857 ounces of chemically pure gold and 30,874 ounces of silver, up by 4.5% and by 46.1% YoY respectively. Dore alloy gold output grew by 52.4%, to 12,345 ounces, and silver – 2-fold, to 32,158 ounces. Gold…
In January-March silver output in Russia decrease by 10.9% YoY, to 223.28 tons. The drop is due to the decrease of secondary silver deliveries to refining works – by 34%, to 47.93 tons. At the same time silver extraction remained almost on the previous level – 99.2 tons. Output of accompanying silver did not change…
As of May 1, Magadan region has extracted 9065.1 kg of gold and 213.4 tons of silver. Gold output grew by 3404.3 kg YoY, while silver fell by 16.8 tons. Tenkinsky city district yielded the most ore gold – 6171.5 kg, while alluvial gold was extracted in Susuman, Yagodinsky and Tenkinsky districts. Omsuchanksy district was…
The Ministry of Industry and Geology of the Republic of Sakha (Yakutia) has set a monthly gold and silver output plan for the year. Until the end of the year the region has to extract 28.8 tons of gold (29.5 tons in 2018). In particular, the Aldansk district is expected to yield 12.4 tons of…
In January-March, Kazakhstan produced 22738 kg of raw and semi-wrought gold, up by 7.3% YoY. Silver output dropped by 4.9%, to 230237 kg. At the same time the manufacture of raw aluminum and aluminum oxide decreased by 9.7%, to 395864 tons, lead – by 16.8%, to 32408 tons, zinc – by 2.9%, to 80191 tons,…
In January-March, Chukotka Autonomous District extracted 5315 kg of gold, almost unchanged YoY. Silver output dropped by 6.6%, to 25.6 tons. At present 5 enterprises are mining gold in the region: Chukotka Mining and Geological Company, Severnoye Zoloto LLC, Mayskoye LLC, Rudnik Karalveyem and Rudnik Valunistiy LLC. Alluvial gold extraction will last from May till…
In 2018 Canadian Silver Bear Resources Plc, developing the Mangazeya project in the Republic of Sakha (Yakutia), produced 594,921 ounces of silver. Ore mining totaled 80,831 tons, and processing – 51,147 tons with the average content of 780 g of silver per ton. Last year the company sold 433,095 ounces of silver valued at $6.4…
In 2018 Priisk Solovievsky, extracting gold in Amur and Zabaikalye regions, received 8.454 billion rubles of revenue, up by 28% YoY. Net profit grew by 15%, to 2.462 billion rubles. The improvement of financial indexes has to do with the growth of sales profit. Thus, while in 2017 the company sold 6.544 billion worth of…
Russia’s gold output rose by 13.8% YoY, to 17.84 tons in January, the Finance Ministry said on March 27 citing the data on supplies to the refining plants. Mined gold output rose by 15.1%, to 14.11 tons, while by-product gold output increased by 40%, to 1.26 tons, but gold scrap production fell by 0.8%, to…
In January-February, the volume of production of raw and semi-processed gold or in powder form was 14,315 kg in Kazakhstan, up by 5% YoY, the Committee on Statistics of the Ministry of National Economy reported. In the reporting period, the volume of production of raw and semi-processed silver or in the form of powder amounted…
Production of unwrought gold and semi-processed gold or in powder form reached 14,315 kg in January-February, up by 5% YoY, Statistics Committee of the National Economy Ministry of Kazakhstan reports.
In the accounting period output of unwrought and semi-processed silver or in the powder form made 128,576 kg, down by 5.1%. (Kazinform/Ukrainian metal)
In January-February Magadan region extracted 4569 kg of gold and 99.7 tons of silver. Gold output increased 1.8-fold YoY, while silver extraction did not change. In the first two months of 2017 the region yielded 2516.4 kg of gold. The considerable increase in gold output has to do with Natalkinskiy GOK reaching its design capacity.…
The Ministry of Industry and New Technologies is calling on the Tajik-Iranian gold-extracting company Pakrut to increase output and processing. Since 2014 Pakrut has been fully owned by China Nonferrous Metal International Mining Co., Ltd. The first gold ingots were produced in early 2017. The same year the Pakrut mine was damaged by snow avalanches.…
The physical volume of deals with gold on the Moscow Exchange remained flat YoY at 5.3 tons in February, the exchange said in a statement. The amount of deals with silver grew by 37.5%, to 2.461 tons. In monetary terms, gold and silver deals amounted to more than 11.4 billion rubles, down from 13 billion…
According to the authorities of the Magadan region, as of January 1, there were 168 enterprises with license for subsoil use in the region. Of them 100 were developing alluvial gold and 9 – ore gold and silver. Last year 37 tons of gold were extracted, up by 4 tons YoY. In 2 years gold…
The State Expertise Service has approved the project to develop the ore zone No. 1 of the gold-silver deposit Dvoynoye. The site is situated in Chukotka and will be developed by Severnoye zoloto LLC, a part of Kinross Gold. The company intends to mine 230 thousand tons of ore per year at the site. The…