Azerbaijan earned as many as $32.5 million by exporting 775.35 kg of gold in January-March. In the same period last year, the export of gold from Azerbaijan made up 726.05 kg worth $30.9 million. Thus, the export of gold in quantitative terms increased by 6.8% and the revenue went up by 5.3%. Gold production in…
In January-March, Russia produced 58.12 tons of gold, up by 12.6% YoY.
Gold extracting grew by 15.5%, to 45.95 tons.
Manufacture of accompanying gold totaled 4.32 tons, up by 21%, and of secondary gold – 7.85 tons, down by 4.9%.
The main suppliers of gold were Magadan region and the Chukotka Autonomous District. (Ukrainian metal)
In early March, Darasunsky Mine LLC put into operation its processing factory in Tungokochensky district of Zabaikalye region in test mode. The project to process Darasun ores is in the development. By Q3, the company plans to have commissioned the full cycle of processing. So far the factory has processed 3973 tons of ore and…
As of May 1, Magadan region has extracted 9065.1 kg of gold and 213.4 tons of silver. Gold output grew by 3404.3 kg YoY, while silver fell by 16.8 tons. Tenkinsky city district yielded the most ore gold – 6171.5 kg, while alluvial gold was extracted in Susuman, Yagodinsky and Tenkinsky districts. Omsuchanksy district was…
This year Zimovichi intends to extract 150 kg of alluvial gold.
This volume is on par with the previous year output.
The company will be operating at three sites – in the Amunakit, Verkhnyaya Larba and Tynda river valleys.
The washing season has not started yet because of the low temperature. (Ukrainian metal)
Stangold LLC has started the washing season and intends to extract 60 kg of gold.
According to the company, output has remained unchanged since 2017.
Since 2011 the company has been annually developing the alluvial gold sites at the Verkhniy Sirik Brook.
Reserves are estimated at 96.8 kg of gold. (Ukrainian metal)
Alfa miners team, extracting gold in Khabarovsk region, intends to yield 130 kg this year.
Last year the output was 178 kg of gold.
In addition to extraction, the enterprise also has a prospecting license. (Ukrainian metal)
In January-April, Irkutsk region extracted 4630.2 kg of ore and alluvial gold, up by 7% YoY. In particular, ore gold accounted for 4304.8 kg, and alluvial gold output totaled 325.4 kg. Polyus Verninskoye extracted the most gold – 2518.4 kg. It is followed by Vysochaishiy with its subsidiary Ugakhan – 859.2 and 646.5 kg of…
Centerra Gold Inc. and Kumtor Gold Company have summed up their operating results in the first quarter of 2019. In the first three months of 2019, Kumtor Gold Company produced 150,308 ounces or 4,675.10 kg of gold and contributed more than 1.51 billion soms in taxes and mandatory payments. Kumtor produced 150,308 ounces of gold…
In April, Vitim started extracting alluvial gold in Irkuts region.
In just one month the company has extracted 200.2 kg of gold.
At the same time, in April 2018 the company yielded 206 kg of gold.
This year Vitim intends to extract 2800 kg of gold.
The extraction season will last till November. (Ukrainian metal)
The board of directors of Buryatzoloto, a part of Nordgold, developing the Zun-Kholba and Irokinda deposits in the Republic of Buryatia, decided to transfer licenses to its daughter companies. In particular, Zun-Kholba LLC will be operating at the Zun-Kholbinskoye gold ore deposit as well as prospecting at the Pionerskoye deposit. The company will have 6…
In January-March, Polyus Verninskoye produced 2.08 tons of gold, up by 30% QoQ and by 14% YoY.
Average gold content grew by 10% QoQ, to 2.9 g per ton.
Rock mining increased by 35%, to 5.6 thousand tons.
Ore output totaled 978 thousand tons, up by 51% QoQ. (Ukrainian metal)
Composition of the Board of Directors of Kyrgyzaltyn OJSC has changed. Zamirbek Alymbekov replaced Anvar Estemesov. In addition, Askar Oskombaev (Chairman) and Suerkul Bakirov remained members of the Board of Directors. Suerkul Bakirov became a member of the Board of Directors in December 2018 after Emil Osmonbetov was appointed the Chairman of the State Committee…
As of May 3, Polyus Aldan has produced 2 tons of gold, almost 10 days earlier than last year.
The company is able to extract 70% of gold from ore with low gold content.
This year Polyus Aldan will turn 95. (Ukrainian metal)
Mangazeya Mining Ltd, mining gold in Zabaikalye region, in 2018 increased output by 13.9% YoY, to 27.7 thousand ounces. In particular, output at the Savkinskoye deposit dropped by 19.1%, to 19.7 thousand ounces. Operation at the Kochkovskoye deposit started in April 2018. Since then 6.56 thousand ounces of ore gold and 1.44 thousand ounces of…
In January-March, the largest sellers of gold were Uzbekistan with 6.2 tons, Mongolia – 3.4 tons, and Tajikistan – 1 ton, according to the latest report by the World Gold Council. The leader in the purchases of gold was Russia. In the first quarter of this year, the Central Bank of the Russian Federation purchased…
Canadian company Centerra Gold Inc. announced results of elections of its Board of Directors. There are 3 representatives of Kyrgyzstan among 11 people. Dushen Kasenov and Maksat Kobonbaev became new members of the Board of Directors from Kyrgyzstan. In addition, Askar Oskombaev remained in the Board of Directors. The Board of Directors of Centerra Gold…
Charan LLC, extracting gold in the Republic of Sakha (Yaukutia) at the auction won the right to develop an alluvial gold site at the Rachyu Brook.
The company competitor was Sibresursproekt LLC.
Charan offered 1.320550 million rubles for the site. (Ukrainian metal)
The industrial company Kvartz, which is washing for alluvial gold in Zabaikalye region, intends to extract over 100 kg of gold this season.
Last year the company yielded 141 kg of gold.
This year the company will be operating at 5 sites.
The work started on April 29. (Ukrainian metal)
Lenzoloto, which owns over 40 licenses to extract alluvial gold in Irkutsk region, in 2018 received 11.82 billion rubles of sales revenue, up by 9% YoY. The net revenue reached 8.13 billion rubles, up by 9%. Last year the company sold 4594 kg of gold, up from 4532 kg in 2017. The company net profit…
Gold mining company Nordgold, controlled by the Russian tycoon Alexei Mordashov, plans to raise investment in its Lefa mine in Guinea by 15% YoY, to about $80 million in 2019, the company said. “We remain committed to Guinea and to driving performance at the Lefa mine. This intensive investment program will put us in the…
Investor Manson Group and administration of Toguz-Toro district will sign an agreement on employee benefits in the near future as a part of a project to resume work at Makmal field, Kyrgyzaltyn OJSC reported. Management of the company has held public hearings in 13 villages together with the investor and head of the Toguz-Toro district…
In the incomplete January-April, Seligdar sold 1035 kg of gold. Until the end of April the company intends to sell 220 kg more.
Thus, sales will total 1255 kg, up from 406 kg in January-April 2018.
In 4 months, Poisk team has yielded 65.668 kg of gold, up from 39.131 kg last year. (Ukrainian metal)
In January-March, Polymetal increased output by 27% YoY, to 374 thousand ounces of gold equivalent. Gold manufacture grew by 41%, to 302 thousand ounces, while that of silver dropped by 15%. The share of gold in the overall output of the group totaled 81%. Revenue increased by 28%, to $454 million, mostly due to the…