Russia’s gold output rose by 19.5% YoY, to 232.16 tons in January-August, the Finance Ministry said citing the data on supplies to the refining plants. Mined gold output rose by 10.1%, to 178.71 tons, and by-product gold output increased by 23.3%, to 12.7 tons, while gold scrap production jumped by 88.2%, to 40.75 tons. Russia’s…
Rudnik Karalveyem has become the winner of the auction to sell the Dymny Brook alluvial gold site in Chukotka Autonomous District. The auction was held on December 17. The final price was 10.08 million rubles. The same day another site was auctioned – at the Braslet Brook. The site was purchased by Altai LLC for…
As of December 1, Magadan region has extracted 43.74 tons of gold, up by 8.4 tons YoY. The annual target was 42.7 tons, and it was reached 1 month earlier than planned. Tenkinsky city district yielded the most ore gold – 18.3 tons. Alluvial gold accounted for 18.22 tons, with the Yagodinsky city district yielding…
Polyus Aldan, a unit of the Russian gold producer Polyus, has won a 15-year license to develop the Somnitelnoye gold field in the republic of Yakutia with a 12.76-million ruble bid, according to the results of the auction. The deposit is located 25 kilometers off the city of Aldan and has C1 reserves of 1.254…
Until the end of the year Seligdar will sell 24.3 kg of refined gold manufactured by Samolazovskoye LLC. The corresponding contract was concluded on December 16. Seligdar will receive a remuneration in the amount of 1% from the sales, without VAT. The expected volume of the deal exceeds 50% of Samolazovskoye LLC assets value (95…
In 2019 the Republic of Yakutia intends to extract 34.7 tons of gold, which would exceed the historical maximum of the Soviet Union. The republic is one of the three largest gold extractors in Russia. In September a new mining and processing works was commissioned at the Vertikalnoye silver deposit. The enterprise already employs over…
The Russian government has not agreed with a bill liberalizing access of private investors to large gold fields, prepared by the Natural Resources and Environment Ministry. The ministry suggested raising the threshold of reserves to qualify a field as strategic to 200 tons from 50 tons to draw private investment, because under the current law,…
Polyus Verninskoye has fulfilled its annual output plan 3 weeks in advance. One of the reasons of such results is the increase of the gold-processing factory average capacity. Delays in its operation decreased by 200 hours. In 2018 Polyus Verninskoye mined 7024 kg of gold. (Ukrainian metal)