In January-March, Russia produced 58.02 tons of gold, down by 4.6% YoY. The share of extracted gold was 80.7%, or 46.85 tons, down by 2.6%. Amur region demonstrated the largest drop – to 3.8 tons from 6.6 tons in Q1 2020. Krasnoyarsk region produced the most gold – 11.8 tons, up by 0.6%, followed by…
The British Orsu Metals, developing the Sergeyevskiy gold ore deposit in Zabaikalskiy region, has backed out of buying the Rudnik Aleksandrovskiy, which develops a deposit with the same name in the region. The companies earlier had a deal to sell the Aleksandrovskiy Mining and Processing Works. Moreover, the Sergeyevskoye ore was even processed at the…
In 2020, Kurilgeo LLC produced 1.184 tons of gold, up by 7.1% YoY. The increase was due to the growth of ore extraction by 5.5%, to 728 thousand tons, and the gold content increase of 32.5%. Silver output decreased by 34%, to 2.767 thousand tons. Last year, the company invested 36.9 million rubles in the…
In January-March, Khabarovsk region yielded 4086.5 kg of gold, down by 4.4% YoY. This year, gold output is expected to reach 25.1 tons, up by 2%. Operation at alluvial sites will begin in May. (Ukrainian metal)
In January-March, Kamchatka yielded 1610.7 kg of gold, up by 30% YoY. Silver output grew by 13%, to 6.7 tons. In particular, Trevozhnoye Zarevo extracted 292.7 kg of gold, up by 37.2%, Ametistovoye – 693 kg, up by 5.3%, and Kamchatskoye Zoloto – 242 kg, up by 14.2%. SiGMA increased output 3-fold, to 383 kg.…
GeoProMining has bought controlling shares of the Vismut company, which owns a license to develop the Zhelezniy Kryazh deposit in the Zabaikalye region with the reserves of 830 thousand ounces (25.8 tons) of gold. The company spent around 1 billion rubles on the purchase. Earlier, the 100% share was owned by Emelido Ltd, Cyprus. In…
In January-March, Chukotka yielded 4,714 kg of ore gold and 23.9 tons of silver. Alluvial season will start in May. Compared with Q1 2020, gold output decreased by 11.5%, while silver remained unchanged. In particular, Chukotskaya Mining and Geological Company at the Kupol deposit extracted 272.9 kg of gold and 22.4 tons of silver, ZK…
Buryatzoloto, a part of Nordgold, has signed an agreement to sell its Zun-Kholba LLC mine to Chesio Limited. In 2020, the mine yielded 7.3 thousand ounces (0.3 tons) of gold. The mine has been operating for 35 years (since 1986) and now its reserves are much depleted. Buryatzoloto also owns the Irokinda mine employing over…