The volume of Azerbaijan’s gold and silver mining industry increased by 23% and by 72% YoY respectively in January-March, the State Statistics Committee reported. Thus, gold mining increased by 23%, to 948.3 kg, while silver mining amounted to 1,193 kg (+73%). The extracted gold and silver have been transferred for processing. As of April 1,…
Gold production at the Kumtor Mine in 2019 was 600,201 ounces or 18,668.35 kg, Centerra Gold Inc. reported. Gold sales in 2019 were 600,231 ounces or 18,669.28 kg with a revenue totaling $827.5 million. Contribution to the national budget in taxes and mandatory payments in 2019 was more than 14.8 billion soms. The Dore bars…
Neryungri-Metallik LLC, a part of Nordgold, in 2019 produced 8.2 tons of refined gold at its Gross mine in Yakutia. The output target was exceeded by 36%. In early 2019, the company expected to produce 5.9 tons of gold last year. The increase is due to the expansion of the factory capacities from 12 million…
In 2019, Russia extracted 367.952 tons of gold, up by 12% YoY. 286.563 tons accounted for extracted gold, up by 9.5%. Auxiliary gold totaled 18.134 tons, up by 17.4%. And the rest accounted for gold-containing concentrates and secondary precious metal. Polyus provided almost a quarter of all ore gold – 88.36 tons, up by 16.4%.…
In 2019, gold-extracting company Priisk Dambuki received 838.7 million rubles of revenue, down by 3.3% YoY. Sales profit grew by 0.6%, to 157.7 million rubles. Net profit increased to 70 million rubles from 45.2 million rubles. (Ukrainian metal)
Priisk Solovievskiy LLC has started washing season at the alluvial gold sites in Amur and Zabaikalye regions. Four dredgers have been commissioned after repairs. Two are operating at the Oldoy quarry in Amur region. Solovievskiy ore deposit is operating in normal mode. In Zabaikalye region, operation has started at the Zabaikalskiy quarry. In January-February, the…
Novo-Shirokinsky Mine, a part of Highland Gold Mining, developing the polymetal deposit of the same name in Zabaikalye region, in 2019 increased net profit 1.5-fold, to 3.8 billion rubles. Sales revenue grew by 15.7%, to 8.2 billion rubles, and sales profit – by 14%, to 4.8 billion rubles. Output decreased by 5%, to 106.784 thousand…
Russian companies produced 367.952 tons of gold in 2019, up by 12% YoY, the Union of Gold Producers of Russia reported. Mined gold output went up by 9.5%, to 286.563 tons, by-product gold production increased by 17.4%, to 18.134 tons, and production of gold from processing of scrap and waste rose by 11.6%, to 38.487…
