Elkonskiy Iron and Steel Works has purchased a license to develop and extract gold at the Sovinoye deposit. The cost of the license is 24.2 million rubles. The reserves of the deposit are estimated at 10 tons of gold with the average content of 10 g per ton. The Sovinoye deposit is situated in Chukotka…
Russia’s production of unrefined, semi-refined or powdered gold rose by 4.5% YoY and by 3.4% MoM in February, the Federal State Statistics Service said in a report on March 17. In January-February, gold production rose by 6.3% YoY. In 2019, gold production grew by 17%. No absolute figures were disclosed. (Prime/Ukrainian metal)
A new CAT 390 FL excavator has started operating at the Ametistovoye Mining and Processing Works. It will increase rock mining by 20%. Zoloto Kamchatki has also purchased 9 new dump-trucks, including BELAZ quarry trucks. The company has 11 licenses to develop deposits with the combined reserves of 12.5 million troy ounces of gold. (Ukrainian…
In January-February, Irkutsk region extracted 2732.5 kg of gold, up by 17% YoY. At present only ore gold is mined. Thus, Polyus Verninskoye has extracted 1439.9 kg of gold, Vysochaishiy – 724.6 kg, Ugakhan – 409.6 kg and Druza LLC – 158.4 kg. Alluvial season will start in June. This year, some 30 enterprises will…
In January-February, Chukotka Autonomous District extracted 3485 kg of gold and 16 tons of silver. Gold output grew by 9%, but that of silver dropped by 6% YoY. In January-February 2019 the region yielded 3206 kg of gold and 17 tons of silver. The alluvial gold season will start in June. Last year the region…
Fitch Solutions forecasts a considerable increase in global gold output in short-term. According to the analysts, Russia could outrun China and become the largest gold producer in the world until 2029. Domestic demand for gold will provide for the further increase in speed of gold mining. The output is expected to grow from 11.3 million…
In January-February, Amur region yielded 2587.7 kg of gold, down by 3.3% YoY. Only ore gold is being mined now. Petropavlovsk enterprises extracted the most gold. In particular, Albynsky Mine extracted 855 kg, Malomyr – 722 kg, and Pokrovsky – 541 kg. Berezitoviy Mine extracted 300.9 kg of gold, and Priisk Solovievsky – 168.8 kg.…
The physical volume of gold deals on the Moscow Exchange slid by 76% YoY, to 1.285 tons in January-February, according to the Moscow Exchange. The volume of silver deals soared by 70%, to 5.774 tons. In monetary terms, the gold deals fell to 4.5 billion rubles from 11.4 billion rubles. In February, the gold deals…
