In January-April Amur region obtained 5485.6 kg of gold, including 5433 kg of ore gold and 51.6 kg of alluvial gold, down by 11% YoY. In April the output totaled 1243.8 kg, down by 17% YoY. The drop in output has to do with the halt of operations at the Pokrovskoye deposits and the scheduled…
Artel-DV LLC is researching the profitability of developing the Primankinsky alluvial gold node. According to the company CEO Albert Knaus, the site has prospects and its reserves allow it to be developed for several years. Last year the company extracted 18 kg of gold, down 2-fold from the target, but up by 17% YoY. The…
In January-March Kinross Gold produced 653.94 thousand ounces of gold equivalent, down by 3% YoY. In Russia gold output dropped by 16%, to 120.18 thousand ounces. At the Kupol and Dvoynoy mines in Chukotka output dropped because of the scheduled extraction of ore with low gold contents. In 2017 Kinross Russian enterprises produced 17692 kg…
The Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev met with the Chairman of the Board of Kyrgyzaltyn Almaz Alimbekov, the press service of the government reported. Mukhammedkaly Abylgaziev noted that the mining industry and, in particular, gold mining were one of the strategic sectors of the domestic economy. It is necessary to ensure maximum openness of…
In 2017 VTB increased the number of gold-purchasing contracts with the Zabaykalye region enterprises by 32% YoY. The bank concluded agreements to buy 2.9 tons of gold, or 22% of all gold produced in the region. Last year Zabaykalye region yielded 13.2 tons of gold, up by 10% YoY. (Ukrainian metal)
In 2017 Mangazeya Mining Ltd LLC produced 24.3 thousand ounces of gold, down by 11.2% YoY. The main reason of the drop is the low gold contents in the ore. Ore mining grew by 2.7%, to 951 thousand tons. Last year gold sales totaled 24.1 thousand ounces, down by 12.3% YoY. (Ukrainian metal)
Buryatzoloto, the largest gold-mining company in the Republic of Buryatia and a part of Nordgold, intends to increase investments this year to 2.1 billion rubles, or by 23% YoY. This has to do with the replacement of mining equipment at both of its mines valued at 749 million rubles. 109 million rubles will be spent…
In January-March Highland Gold Mining Limited obtained 59.31 thousand ounces of gold and gold equivalent, down by 9% YoY. This year the company intends to yield 265-275 thousand ounces of gold equivalent. Average gold price in Q1 was $1329 per ounce. Last year gold output at HGM enterprises grew by 4.3% YoY, to 272.3 thousand…