Gold production at the Kumtor mine in 2017 was 562,749 ounces or 17,503.46 kg, Public Relations Department of Kumtor Gold Company reported. Gold sales in 2017 were 550,134 ounces or 17,111.09 kg with a revenue totaling $685.2 million. According to preliminary reports of the KR National Statistics Committee, Kumtor’s share in KR GDP in 2017…
Belarus and Sudan are considering gold mining in the African country, Head of the Belarus President Property Management Directorate Viktor Sheiman said. “We are considering gold mining in Sudan, supplying our machinery, and setting up joint companies, including agricultural ones,” Viktor Sheiman noted. (BelTA/Ukrainian metal)
In January-February Chukotka Autonomous District obtained 3.425 tons of gold, down by 4% YoY. Silver output dropped by 13%, to 19.546 tons. In January gold output in the district decreased by 7.3%, and silver – by 20%. 2 Kinross Gold companies, a Polymetal Company, as well as Rudnik Karalveem LLC and Rudnik Valunisty LLC mine…
Priisk Solovievskiy, which is extracting gold in Amur region and Zabaykalye territory, intends this year to obtain 3.5 tons of gold. Just like in 2017, this year the company plans to obtain 3.1 tons of gold in Amur region. Zabaykalye territory is projected to supply 400 kg of alluvial gold. In 2017 the company obtained…
This year Standart LLC, which extracts gold in the Khabarovsk territory, intends to obtain 80 kg of gold. The washing season will start in May. The company will wash for gold at the deposits on the Malye Bitki River. The machinery was left standing at the sites, so the company is prepared to start working…
In January-February Amur region yielded 2823.7 kg of gold, up by 3.4% YoY, or by 93.4 kg. The main volume was provided by Petropavlovsk enterprises: Pokrovsky mine obtained 918 kg of gold and Albyn mine – 842.2 kg. At the same time Malomyr mine reported the yield of 581.6 kg of gold. Berezitovy mine (a…
Petropavlovsk Plc, which extract gold from 4 mines, in 2017 increased JORC gold reserves by 8% YoY, or by 670 thousand ounces. The company resources grew by 6%, or by 1.17 million ounces. According to the company statement, the resources and reserves grew due to the successful prospecting at the Pioner and Albyn deposits. As…
In 2018 Susumanzoloto intends to get 6 tons of gold against the target of 5.3 tons. The increase YoY could be 16.8%. The company enterprises will be operating at the gold deposits in Magadan region and the Republic of Sakha (Yakutia). Electrum plus LLC is expected to provide 490 kg of ore gold. The rest…