In January-October Chukotka extracted over 20 tons of gold. Two new gold-bearing deposits – Klen and Kekura – will soon be commissioned. Chukotka Mining and Geological Company was the leader among 5 gold-extracting companies of the region. This year the Kupol deposit yielded over 9 tons of gold, up by a ton YoY. 80 tons…
A silver-containing ore anomaly with the length of 3 km and width of 500 meters has been found in Yakutia, on the Kyunkyunyur site. NGGMK Capital LLC is the owner of the license to develop silver ore deposit at the site. Silver contents are estimated at 2.5 to 14.2 thousand g per ton. (Ukrainian metal)
Gold consumption by Russia’s jewelry industry fell by 0.24% YoY, to 25.002 tons, or 803,800 ounces, in January-September, a representative for the Assay Chamber of Russia reported. The industry’s silver consumption decreased by 2.61%, to 80.374 toes, or 2.584 million ounces, in the period. Russia’s gold jewelry production fell to 22.39 million items with a…
Azarga Metals Corporation has paid its half-year loan debt to Baker Steel Resources Trust (BRST) in 1,470,443 ordinary shares. The nominal cost of each share is C$0.06. Thus, Azarga has already paid some C$88.27 thousand ($66.849 thousand) to BRST. The corresponding agreement was concluded in February. The loan amounts to $3.5 million with the interest…
In January-September Kamchatka extracted 4322 kg of gold, including 4305 kg of ore gold and 18 kg of alluvial gold. Silver output totaled 7.3 tons. Compared with the 9 months of 2018, gold output grew by 9%, while that of silver decreased by 6%. Three gold-extracting enterprises were able to increase output: SiGMA produced 350…
Russian precious metals producer Polymetal International increased gold production by 25% YoY, to 1.005 million ounces, while silver output fell by 16%, to 16.4 million ounces in January-September. “Continued strong performance at Kyzyl is driving our production dynamics. We now expect to exceed our full-year production guidance (of 1.55 million ounces by up to 50,000…
In January-September gold output in Magadan region increased. In particular, as of October 1 the region has extracted 36.1 tons of gold, up by 6.3 tons YoY. Silver output totaled 492.8 tons. Tenkinsky City District mined the most ore gold – 14.5 tons. Alluvial gold accounted for 15.8 tons, with Yagodinsky City District yielding 6.2…
Shokpar and Gagarinskoye deposits have the reserves of over 21 tons of gold and 135 tons of silver. The reserves have been added to the state balance. In particular, the C1+C2 reserves of Gagarinskoye deposit amount to 2257.4 thousand tons of ore, 10104.3 kg of gold with the average content of 4.48 g per ton…
