In January-March, Russia produced 60.986 tons of gold, down by 5.99% YoY. Volumes of extracted gold decreased by 2.58%, to 46.848 tons, while by-product and secondary gold manufacture dropped by 12%, to 3.8 and 7.376 tons respectively. Gold concentrate output fell by 27.1%, to 2.962 tons. Silver manufacture decreased by 7%, to 289.7 tons. Russia…
Krastsvetmet has received a general license for one year to export silver in ingots. Thus, the company will be able to increase volumes and decrease time of exports. Until 2021, Russia only issued one-time licenses. It took a company 2-2.5 months to get a license. Since the start of the year companies can get one…
In January-March, Russia produced 58.02 tons of gold, down by 4.6% YoY. The share of extracted gold was 80.7%, or 46.85 tons, down by 2.6%. Amur region demonstrated the largest drop – to 3.8 tons from 6.6 tons in Q1 2020. Krasnoyarsk region produced the most gold – 11.8 tons, up by 0.6%, followed by…
This year the Okhotskaya Mining and Geological Company has started mining ore at the Kundumi deposit in Khabarovsk region. In January-March, the company extracted 103.8 thousand tons of ore. Gold content is estimated at 1.09 tons and silver – 1.2 tons. The deposit will become a resource base for the Khakanjinskiy Mining and Processing Works.…
In 2020, Kurilgeo LLC produced 1.184 tons of gold, up by 7.1% YoY. The increase was due to the growth of ore extraction by 5.5%, to 728 thousand tons, and the gold content increase of 32.5%. Silver output decreased by 34%, to 2.767 thousand tons. Last year, the company invested 36.9 million rubles in the…
In January-March, Kamchatka yielded 1610.7 kg of gold, up by 30% YoY. Silver output grew by 13%, to 6.7 tons. In particular, Trevozhnoye Zarevo extracted 292.7 kg of gold, up by 37.2%, Ametistovoye – 693 kg, up by 5.3%, and Kamchatskoye Zoloto – 242 kg, up by 14.2%. SiGMA increased output 3-fold, to 383 kg.…
In January-March, Chukotka yielded 4,714 kg of ore gold and 23.9 tons of silver. Alluvial season will start in May. Compared with Q1 2020, gold output decreased by 11.5%, while silver remained unchanged. In particular, Chukotskaya Mining and Geological Company at the Kupol deposit extracted 272.9 kg of gold and 22.4 tons of silver, ZK…
In 2020, VTB provided 2.5 billion rubles to gold extractors of Yakutia, up by 2% YoY. The volume of precious metals bought in Yakutia grew by 9%, to over 4 tons, including 3.7 tons of gold (+4%) and 0.3 tons of silver (+125%). “In the corona-stricken year of 2020, the prices of gold and other…
