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Russia: Druza extracts 587 kg of gold

Since the start of the alluvial season in Irkutsk region, Druza LLC has extracted 587.2 kg of gold. The company owns a license to develop reserves of the Bolshoy Dogaldyn alluvial gold deposit and the Nevskoye gold ore deposit. All the gold was mined, as the alluvial reserves have almost been depleted. This year the…


Ukraine: SevGOK spends 30.7 million UAH to upgrade locomotive

Severniy Mining and Processing Works has spent 30.7 million UAH on upgrading its locomotive. All the faulty units have been replaced. A transformer and compressors were repaired. 12 traction engines were installed. The repair was carried out by Konotov Diesel-Train Repair Works. This year, SevGOK will invest 1.6 billion UAH in repair of machinery, equipment,…


Azerbaijan: AzerGold’s revenues up in 2020

Azerbaijan’s gold mining company AzerGold’s net profit increased by 287.3% YoY in 2020, the company’s press service reported. In 2020, the company’s net profit increased by about $35.8 million and exceeded $48.2 million. Moreover, the company’s gross profit, profit margin, as well as EBITDA increased. Thus, the total profit of the company increased by $43.04…