According to the Ministry of Finances, in January-August Russia produced 214.59 tons of gold, down by 7.5% YoY. The decrease was due to the drop of secondary metal production (19.13 tons, down by 53.1%). Moreover, the amount of auxiliary metal decreased by 10.9%, to 11.31 tons. Extracted gold accounted for 184.15 tons, up by 3%.…
Azerbaijan exported precious metals worth $97.5 million in January-July, with Switzerland accounting for the whole volume of export. 4,179 tons of gold and silver were exported to the world markets during the reporting period. The share of gold in the total amount of precious metals export amounted to 2,320 tons worth $96.4 million, while silver…
Production of gold and silver has risen by 16% and by 1%, respectively in Kazakhstan. The country has also reported increases in production of aluminum, copper and lead, thus the production of the base precious and non-ferrous metals amounted for 2.4 trillion tenge in 8 months of 2020. More than half of the total production…
In January-June, the Sakhalin-based Kurilgeo LLC received a revenue of 1.6 billion rubles from the sales of precious metals, up by 7.4% YoY. The result is due to the 26% increase in average gold price. Profit grew by 67%, to 491 million rubles. In H1, Kurilgeo produced 437 kg of gold, down by 14% YoY.…
In January-July, Russia produced 176.3 tons of gold, down by 4.8% YoY. The share of extracted gold totaled 85%, or 150.1 tons. The rest accounts for secondary metal (16.4 tons) and by-product (9.8 tons), down by 46.8% and by 10.4% YoY respectively. The Far Eastern Federal District produced 94.5 tons of gold, up by 6%,…
The physical volume of gold deals on the Moscow Exchange fell by 31.91% YoY, to 7.517 tons in January-August, the Moscow Exchange reported. The volume of silver deals more than tripled to 21.287 tons. In monetary terms, deals in gold and silver fell to 30.925 billion rubles in the period from 27.7 billion rubles in…
Russia’s gold output rose by 2% YoY, to 138.1 tons in January-June, the Finance Ministry said quoting supplies to the refining plants. Mined gold output rose by 5.3%, to 116.38 tons, while by-product gold output decreased by 10.9%, to 8.27 tons, and production of gold scrap fell 1by 3.3%, to 13.45 tons. Russia’s silver output…
In January-June, Silver Bear Resources produced 1.034 million ounces of silver, up by 81% YoY. The company is developing silver deposits within the Mangaseia project in Yakutia. SBR started operating there last autumn. In May, the company was able to increase efficiency. In particular, ore processing grew by 21.5%, to 54.9 thousand tons with the…
