Russia: Zoloto Timptona to get 60 kg of gold

Zoloto Timptona LLC, developing alluvial gold sites in the Republic of Sakha (Yakutia), intends this season to obtain 60 kg of the precious metal. The Utanakh and Berezoviy brooks will yield 35 kg of gold. This year the company will also start developing deposits at the Troitskiy and Innokentievskiy sites. Zoloto Timptona is developing the…

Russia: VTB buys 11 tons of gold in Yakutia in 2018

In 2018 VTB purchased 11.04 tons of gold and 3.42 tons of silver from the Republic of Sakha (Yakutia) extractors.

To prepare gold-extractors for the 2019 season, the bank has provided 2 billion rubles, up by 18% YoY.

This year VTB intends to buy 12 tons of gold and 4 tons of silver. (Ukrainian metal)

Kyrgyzstan: dependence on Kumtor to be reduced

Kyrgyzstan plans to reduce its dependence on Kumtor. According to representatives of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan, it is necessary to increase production at such fields as Taldy-Bulak Levoberezhny, Ishamberberdi, Bozymchak, Kuru-Tegerek, Karakazyk, Jamgyr and Chaarat. In addition, it is planned to launch Jerooy project. According to preliminary data,…

Russia: Novaya extracts 75 kg of gold

Since the start of the washing season, the Novaya miners team has extracted 75 kg of gold. The company plan for this year is 75 kg. At present the company is carrying out additional prospecting works at the Tangrak site, the license for which was acquired last December. The company also intends to commission a…

Russia: Baldja gold output plan 55% fulfilled

In 2 months the Baldja miners team from Zabaikalye region has extracted 330 kg of alluvial gold. Last year the output in the corresponding period was 300 kg. This year the company is operating at 4 sites: Khamara, Khaylastun, Bayan-Zurga and Baldja. Alluvial season for the company started in May. The output target for the…

Russia: Polyus Aldan extracts 3 tons of gold

Since the start of the year Polyus Aldan has obtained 3 tons of gold.

Last year the result was reached several weeks later – on July 12.

Polyus Aldan is developing 11 gold deposits on the territory of the Kuranakh ore field in the Republic of Sakha (Yakutia). (Ukrainian metal)

Russia: Arkhara to extract 150 kg of gold

Arkhara LLC, extracting gold on the territory of the Jewish Autonomous District, intends to obtain 150 kg of alluvial gold this year. At present the company is operating at one licensed site – the Fedoseyka River. So far 40 kg of gold have been extracted Last year the output was 200 kg. Arkhara, operating since…

Azerbaijan: gold, silver and copper production up in January-May 2019

Some 1,395 kilograms of gold were extracted in Azerbaijan in January-May, up by 9.8% YoY, the Azerbaijani State Statistics Committee reported. Silver production in Azerbaijan increased by 18.1%. According to the statistics, the total volume of the extracted silver and concentrates reached 1,364 kilograms. Some 805 tons of copper ore and concentrates (+44.9%) were extracted…

Russia: gold output up in Q1 2019

In January-March, Russia produced 61.464 tons of gold, up by 13.3% YoY. The Gold Miners’ Union has increased its output forecast for 2019 to 340 tons, up by 3.1%, including 306 tons (+3.6%) of primary gold. Earlier it was expected to obtain 300 tons of primary gold. At the same time, silver output in Q1…

Armenia: gold bars manufacture to start soon

Chairman of the Central Bank Artur Javadyan said that Armenia would soon start producing gold bars. Addressing a government meeting on June 19, Javadyan revealed that a factory would be established, and that all the equipment had already been purchased. “We are working with a prestigious Swiss company. A factory will open to enable our…