Russia: gold output down in Q1 2018

In January-March Russia decreased output of raw and semi-refined gold, or gold powder by 1.6% YoY.

According to the Federal Service of State Statistics (Rosstat), in March gold output dropped by 7.1% YoY, but increased by 1.7% MoM. (Ukrainian metal)

Russia: Polyus gold output up in Q1 2018

In January-March Poluys increased gold output by 13% YoY, to 507 thousand ounces. At the same time the output dropped from 580 thousand ounces in October-December 2017 due to the decrease in alluvial manufacture. Ore output reached 8.821 million tons, down by 12% QoQ, but up by 2% YoY. Sales revenue totaled $608 million, down…

Russia: VTB buys 10.7 tons of gold in Yakutia

In 2017 the VTB bank purchased 10.7 tons of gold from extractors in the Republic of Sakha (Yakutia).

Last year the gold miners of the region received 750 million rubles to prepare for the season within the loan program, up by 53% YoY.

VTB is a leader in Russian gold purchases. (Ukrainian metal)

Russia: gold output in Zabaykalye region up in Q1 2018

In Q1 Zabaykalye region yielded 929 kg of gold, up by 17% YoY.

Tungsten concentrate output totaled 215.54 tons.

Zinc and lead concentrate manufacture reached 13822.54 tons and 8091.45 thousand tons respectively.

Coal mining totaled 5655 tons. (Ukrainian metal)

Russia: Neryungri to prospect at Tokko field

Neryungri-Metallik LLC, a part of Nordgold, is preparing for the prospecting season, which will last from April till October. This year the main operation will be carried out at the Tokko field on the Anomalia-13, Vrezannyi and Roman sites. The company plans investing some 85 million rubles in drilling. Earlier it was planned to spend…

Russia: Rosgeologia starts gold prospecting at new site in Amur region

Far East PGO, a part of Rosgeologia, starts prospecting for gold at the Solovievskaya territory in Amur region.

The prospecting will last for 3 years, from Q2 2018 till Q4 2020.

The total size of the territory is 270 square km. (Ukrainian metal)

Russia: Irkutsk region gold output up in Q1 2018

In January-March Irkutsk region yielded 3259.2 kg of gold, up by 34% YoY. Ore gold accounted for 3258.6 kg. In particular, Polyus Verninskoye extracted 1605.8 kg, Vysochaishiy – 1102 kg, Druza LLC – 180.8 kg and Ugakhan LLC – 370 kg. Alluvial gold output totaled 0.6 kg, all obtained by Lenzoloto enterprises. In January-February gold…