Since the beginning of the year gold output in Tajikistan increased by 17%, that of silver – almost 2-fold. In January-October gold output went up by 16.4% YoY, and silver – by 89.7%, according to the Ministry of industry and new technologies. In 2016 Tajikistan produced the record volume of precious metals: 5 tons of…
Gold production on Russia’s Chukotka peninsula decreased by 12.34% YoY, to 23.646 tons in January-November, a spokesperson for the regional industry policy, construction, and housing and utilities department reported on December 11. Silver production in the area fell by 18.96%, to 121.533 tons in the period. Chukotka Mining and Geological Company, a unit of Kinross…
In January-November the Chukotka Autonomous District obtained 23.646 tons of gold, down by 12% YoY. Silver output dropped by 19%, to 121.5 tons. In particular, ore gold manufacture decreased by 14%, to 21.318 tons. Alluvial gold companies increased output by 9% YoY, to 2.327 tons. This year 12 companies are extracting gold in the district.…
Russian company NGK Resurs plans to invest 2.2 billion rubles in creation of a gold production facility at the Polyanka site, which was on November 19 included in the Nikolayevsk advanced development territory in the Khabarovsk region. According to the regional government statement on November 20, NGK Resurs plans to launch the facility in 2018,…
In January-October the quantity of unwrought gold extracted in Kazakhstan equaled to 70.248 kg, up by 15.5% YoY. According to the Statistics Committee of the Kazakh Ministry of National Economy, in the reporting period the output of unwrought silver amounted to 870,911 kg, down by 12.8% YoY. (Kazinform/Ukrainian metal)
Gold production in Russia’s northern Chukotka Autonomous District decreased by 12% YoY, to almost 22 tons and silver output fell by 20%, to 110.3 tons in January-October because of contraction of gold production at the Kupol, Dvoinoye, and Valunistoye fields, the regional government said in a statement on November 10. Placer gold output grew by…
In January-September Kazakhstan produced 62697 kg of raw gold, up by 16.3% YoY. According to the Statistics Committee of the Ministry of the national economy, raw silver output totaled 792535 kg, down by 12.5% YoY. (Ukrainian metal)
Polymetal CEO Vitaly Nesis thinks that silver has more prospects than gold. According to him, demand for silver is much higher, while the output decreases. In time price of silver will grow. At the same time, it is difficult to forecast gold price. That’s why Polymetal CEO believes that silver is better than gold. “Silver…