In January-March Petropavlovsk Plc decreased gold output by 5% YoY, to 112.556 thousand ounces (3.5 tons). According to the company statement, gold sales dropped by 5%, to 112.244 thousand ounces. The average price grew by 4%, to $1295 per ounce. This year the company intends to obtain 420-460 thousand ounces of gold. Petropavlovsk Plc is…
In 2018 Kamchatka region intends to obtain 6800 kg of gold and 16.5 tons of silver. Ore gold companies will provide for the main part of the output – 6700 kg. Alluvial gold companies have to obtain at least 100 kg. In case the output target is met, gold output will grow by 2% YoY,…
In January-March Serebro Magadana (a part of Polymetal) mined 381 kg of gold and 170 tons of silver. Omsuckchanskaya factory processing grew by 2%, to 484 thousand tons of ore. Gold output increased by 25% YoY, while that of silver remained on the previous year level. The growth of gold output has to do with…
In January-March Buryatia obtained 0.86 tons of gold, up by 21.5% YoY, Zapadnaya artel LLC (Zapadnaya Mining) operated at the Kedrovoe deposits, and Buryatzoloto (a part of Nordgold) at the Irokinda and Kholbinsky mines. This year Buryatzoloto intends to invest 607 million rubles in drilling at its mines. Balance reserves of the deposits are estimated…
In 2019 the Bakyrchik Mining Enterprise LLC, a part of Polymetal, intends to reach the full capacity and yield up to 10.5 tons of gold per year at the Bakyrchik deposits. The factory will be put into operation in 2 months. Investments in the construction totaled $322 million. (Ukrainian metal)
A criminal case was instituted on the illegal issue of a permit for construction of a factory in the territory of the goldmine plant Makmalzoloto, the press center of the State Committee for National Security reported. The Corruption Control Service of the State Committee for National Security detected a violation of the legislation of the…
Gold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, has launched construction of a processing plant – the key facility of the Gross gold mine in the republic of Yakutia, the company said in a statement on April 19. The plan’s projected processing capacity is 12 million tons of ore per year. The company…
The State Committee for Industry, Energy and Subsoil Use announced an auction for the right to explore geologically a placer gold deposit in Naryn region. At-Bashi 1 deposit is located in At-Bashi district of the region. In 1937 Tajikzoloto trust started prospecting works there. They were resumed in 1943. In the 1980s searches in this…