Russia: gold output up in H1 2017
In January-June Russia increased raw and semi-raw gold, as well as powder output by 7.4% YoY. According to the official statistics, June output increased by 10.5% YoY and by 50.7% MoM. (Ukrainian metal)
Russia: Kinross Gold preparing Moroshka and Sentyabrskoye deposits for development
Kinross Gold is preparing to start developing the Moroshka and Sentyabrskoye deposits in Chukotka. Moroshka reserves are estimated at 6.86 tons of gold and 60-70 tons of silver, enough for 2 years. Kinross Gold started operating at the Kupol deposits in 2008, and the Dvoynoy deposits are being developed since 2013. The combined reserves at…
Kyrgyzstan: Kyrgyzaltyn comments on reduction of country’s share in Kumtor project
Chairman of the Board of Kyrgyzaltyn Almaz Alimbekov commented on reduction in the share of Kyrgyzstan in Centerra Cold Inc. Earlier it was reported that share of Kyrgyzstan decreased by 6% because of the additional issue of shares. According to Almaz Alimbekov, the additional share issue of Centerra Cold Inc. will allow Kyrgyzaltyn to receive…
Kyrgyzstan: country share in Kumtor project down
The share of Kyrgyzstan in Kumtor project decreased by 6%. The Canadian company Centerra Gold Inc. in 2016 bought Thompson Creek, which also specialized in gold and metal mining. The financial operation is estimated at a little more than $1 billion. To ensure a successful deal, additional shares were issued. A total of 26,599,500 new…
Russia: Zabaikalye yields 3.7 tons of gold in H1 2017
In January-June Zabaikalye region obtained 3756.7 kg of gold, in particular 1548 kg of ore gold and 2209 kg of alluvial gold. Novo-Shirokinsky Mine (HGM) mined over half of the ore gold. Aleksandrovsky Mine (Zapadnaya Mining Ltd) mined 20% and Mangazeya Mining LLC – 15%. Ksenyevsky Mine, Uryumkan LLC and Dauriya artel have exceeded 200…
Russia: Tarynsky GOK to start operating in autumn
The first stage of Tarynsky Mining and Processing Works with the project capacity of 700 thousand tons will be put into operation this autumn. The GOK is expected to produce 2.7 tons (87 thousand ounces) of gold per year. The reserves of the GOK are estimated at 35 tons of gold. (Ukrainian metal)
Russia: EZOTsM gets 1 kg of African gold
The Yekaterinburg Customs has for the first time registered 1 kg of gold delivered from Guinea at the order of Yekaterinburg Non-Ferrous Metals Processing Works. The ingot is valued at $39 thousand. Not all African countries mining for gold have facilities to process it. This is a trial batch. At present the ingot is being…
Russia: Magadan region obtains 11.7 tons of gold
In January-June Magadan region yielded 11.7 tons of gold, including 7.2 tons of ore gold and 4.5 tons of alluvial gold. Silver output totaled 369 tons. Gold production increased by 41% YoY, with ore gold output up by 2.4 tons, and alluvial – by some 350 kg. Silver mining dropped by 12.5%. In the second…