Ukraine: large gold deposit discovered

A new large deposit of gold ore has been discovered in the Rakhov district of Zakarpatye region. According to estimates, the reserves are 2.4 tons of gold. The only operating gold deposit in Ukraine is the Muzhievskoye. It has 55 tons of gold, and 1 million tons of zinc and lead, valued at around $3.8…

Kazakhstan: gold output up in 2017

In 2017 Kazakhstan produced 85029 kg of gold, up by 13.8% YoY.

According to the Ministry of the national economy, silver output dropped by 10.8%, to 1058605 kg. (Ukrainian metal)

Russia: Petropavlovsk obtains 13.6 tons of gold in 2017

In 2017 Petropavlovsk Plc produced 13.62 tons of ore gold in Amur region, or 53% of the total output.

The output increased by 9.7% YoY, or by 1.2 tons. The increase was provided by 3 out of 4 company mines: Pioner, Albyn and Malomyr. Pokrovsky mine decreased output. (Ukrainian metal)

Russia: Gorniy site starts yielding gold

Kanchalano-Amguemskaya Ploschad LLC has begun industrial gold-extracting at the Gorniy site of the Zhilnoye deposits in Chukotka. The first ore has been sent to the gold-extracting factory of the Valunisty mine, and the first ingots are expected this month. By the end of the second quarter the company intends to have obtained 505 kg of…

Russia: Magadan region to sell 11 gold sites

In February Magadan region will hold auctions for the sale of 11 sites of alluvial and ore gold. All participation offers are accepted through February 12. Sites in Omsukchansk, Severo-Evensk, Srednekansk, Tenkin and Khasyn districts will be offered for sale. The cost of the lots depending on the site ranges from 1 million to 17.6…

Russia: Kolyma confirms gold output

Kolyma gold-extracting companies have confirmed the 2017 gold output on the level of 32.7 tons.

In 2018 they have received orders for 32 tons of gold.

At the same time the real forecast for the year is 37 tons. (Ukrainian metal)

Russia: Pavlik gold output up in 2017

In 2017 the gold-extracting company Pavlik obtained 6.5 tons of gold in 2017, up 1.7-fold, or by 66.7%. In 2016 at the Pavlik deposit the company mined 3.9 tons of gold. This year the company intends to obtain 7 tons of gold. The gold-extracting factory at the Pavlik deposit was commissioned in August 2015. In…

Russia: Amur region gold output up in 2017

In 2017 Amur region gold-extracting companies obtained 25.77 tons of gold, up by 15.56% YoY. Ore gold accounted for the most part of the yield – 17.53 tons, with alluvial gold at 8.24 tons. Petropavlovsk provided the most to the ore gold output last year, while the largest producer of alluvial gold was Priisk Solovievsky.…

Kyrgyzstan: placer gold deposit Baymak put out for bids

The State Committee of Industry, Energy and Subsoil Use put a deposit of placer gold Baymak on auction, official website of the committee reported. The deposit is located in Ala-Buka district of Jalal-Abad region. The deposit was discovered in 1956 following the ancient mining of placer gold. Kyzyl-Tokoy, Orto-Tokoy, Baymak, Ala-Buka, which now constitute Nizhnekassanskoye…

Russia: Odolgo increases gold output

The Priamurye region-based mining company Odolgo increased alluvial gold output in 2017 to 38.9 kg. Last year the company obtained 37.6 kg of gold. At the same time, the output plan for 2017 has been only 50% fulfilled. The target for the next year has not been officially set yet, but according to the company…

Kyrgyzstan not to agree to 100% share in Kumtor

An expert, Doctor of Technical Sciences Duyshenbek Kamchybekov, said why Kyrgyzstan should not agree to 100% share in Kumtor Gold Company CJSC. According to him, the reserves at the mine will be depleted in the near future. “Mining works will be completed by 2023. While Kumtor has been working since 1997, thanks to its money,…

Ukraine: gold and silver exports prohibited

Ukraine has retained the zero quota on gold, silver, precious metals wastes and scrap exports for 2018.

The corresponding norm is contained in the Cabinet of Ministers decree dated December 20 and published in the state newspaper Uryadovy Courier on December 23. (Ukrainian metal)

Russia: HGM moves HQ

The head quarters of Highland Gold Mining will be moved to the business center on 4, Smolensky Boulevard. The company has already signed an agreement with KR Properties. The size of the premises near the “Park Kultury” subway station is 1.7 thousand square meters. The price of the deal is not disclosed. The move will…