Lensib, a part of the state enterprise Lenzoloto, has started the gold washing season of 2017. At present the sand washing has begun on the river Bodaibo. As of May 1, the site has already yielded 12.874 kg of gold. By the end of the season the site intends to have washed 135 kg of…
Kolyma is in the TOP-3 gold miners in Russia, occupying the first position in alluvial gold and silver. The Magadan region also has considerable deposits of copper, tungsten, tin, molybdenum and other mineral resources. In 2016 the region yielded 27.9 tons of gold and 889.2 tons of silver, alluvial gold mining hit another record –…
Operations on Solton-Sary mine were resumed after a seasonal halt, press service of Kyrgyzaltyn OJSC informed. It is noted that the gold processing plant of the mine started working. Repairs, stripping works were conducted and about 4,500 tons of ore were mined during the planned shutdown. “The second line of the gold processing plant will…
In 2016 Petropavlovsk received $31.7 million of net profits as opposed to $297.5 million of losses in 2015. According to the company statement, its revenue reached $540.7 million, down by 10% YoY. EBITDA increased by 16%, to $200 million. Gold manufacture prime cost dropped by 12%, to $660 per ounce. As of the end of…
In January-March Kazakhstan produced 19863 kg of raw gold, up by 27.6% YoY. According to the Statistics Committee of the Ministry of national economy, raw silver output dropped by 5.4% YoY, to 265399 kg. (Ukrainian metal)
Gorno-Altaiskaya Expeditsiya has found traces of gold ore at the Belyashi site in Altai region. In addition to main mineral resources (tantalum, lithium, niobium, and tungsten), the site could also yield gold, copper and lead. The prospecting work was carried out in 2016. (Ukrainian metal)
Only one company – Vertex Gold – exports gold ore from Kyrgyzstan, Head of the State Committee for Industry, Energy and Subsoil Use Duishenbek Zilaliyev stated at the meeting of the Committee on Constitutional Legislation, State Structure, Judicial, Legal Issues and Regulations of the Parliament of Kyrgyzstan. According to him, the export of ore issue…
The State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan denied Kyrgyzaltyn OJSC the licenses for the development of gold deposits. Kyrgyzaltyn OJSC received a refusal on placer gold deposits of Sary-Jel and Kumbel in Naryn region. In addition, Altyn Tash Company LLC (Pervenets) and ACC Tash (Verkhnekeminsky ore field area) also were denied…