Russia: VTB buys 11 tons of gold in Yakutia in 2018

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)

Azerbaijan: gold, silver and copper production up in January-May 2019

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…

Russia: gold output up in Q1 2019

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…

Kazakhstan: gold output up in January-May 2019

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%)…

Russia: Chukotka gold and silver output down in January-May 2019

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)

Russia: silver output down in Q1 2019

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…

Russia: Chukotka silver output down in Q1 2019

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…

Kazakhstan: gold production up in January-February 2019

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)

Tajikistan: Pakrut to increase gold output

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.…