Russia: gold output up in January-April 2017
In January-April Russia increased output of raw gold and gold powder by 4.3% YoY. According to the statistics, in April gold output increased by 2.3% YoY, but dropped by 25.3% MoM. (Ukrainian metal)
Russia: Solovievsky yields 392 kg of gold in January-April 2017
As of May 6, all the 10 dredgers of the Solovievsky mine have started operating. The largest alluvial gold site in Amur region is in Tyndinsk and Skovorodinsk districts. In January-April the enterprise yielded 392 kg of alluvial and ore gold. The first dredger started operating on March 28. Taking into account weather conditions, so…
Russia: GV Gold to consider IPO in 2018
Russian gold producer GV Gold aims to be ready to hold an initial public offering (IPO) by spring 2018 but would not necessarily go ahead with a listing at that time, CEO German Pikhoya declared. GV Gold, a privately held firm whose shareholders include U.S. fund BlackRock, has repeatedly delayed plans for the IPO that…
Russia: Siberian gold miners end strike after wage hike promise
Several dozen workers of a Siberian gold mine belonging to gold producer Uzhuralzoloto agreed to end their strike after a promise to increase wages, a Labor Ministry official said on May 18. “A decision to raise coefficients from 0.3 to 0.7 to rippers and to 0.5 to time workers was taken during negotiations with the…
Azerbaijan: gold and silver output down in January-April 2017
In January-April Azerbaijan produced 372.1 kg of gold, down by 37.7% YoY. According to the State Statistics Committee, as of May 1 gold stocks reached 3.4 kg. Azerbaijan also produced 109.7 kg of silver, down by 5.7% YoY. As of May 1 silver stocks were 15.9 kg. (Ukrainian metal)
Russia: Amur region yields 6 tons of gold
Gold mining companies of Amur region obtained 6.182 tons of gold in January-April. Ore gold constituted the main share. Only Priisk Solovievsky has started obtaining alluvial gold. “We see a positive dynamics this year. Gold output has increased by 1.2 tons YoY. The growth has been provided by Petropavlovsk state enterprise mines Pokrovsky, Pioneer, Malomyr…
Russia: presidential envoy rushes to Zabaikalsky region due to miners’ strike
Presidential envoy to the Siberian Federal District Sergei Menyailo has urgently departed for the Zabaikalsky region, where miners began a strike on May 18, a regional information center said in a statement. The Yugo-Zapadnaya gold mine, belonging to Darasunsky Rudnik, saw 81 workers refusing to leave the mine because of alleged wage arrears for April.…
Russia: Polyarnaya to get 270 kg of gold
The Polyarnaya artel plans to obtain 250-270 kg of alluvial gold in Chukotka this season. “We haven’t started operations yet, as the snow covers the sites, and there is no water. Sand washing will start in June. We expect the growth of output at the level of 30-50 kg”, the company chief geologist Ananiy Solomchuk…