Khuzhir Enterprises LLC intends by the end of the year to have resumed operation of the gold-extracting factory at the Konevinskoye deposit in the Republic of Buryatia. In 2020 the company plans to produce at least 400 kg of gold. Investments in the project reach 400 million rubles. Khuzhir Enterprises started developing the deposit in…
Kumtor gold mine took the 8th place out of 10 among the mines with the lowest costs for their maintenance in the first quarter of 2019. Mining Intelligence looked at costs at primary gold mines and ranked them based on average all-in sustaining costs (AISC). The AISC metric serves as a benchmark of a mine’s…
Since the start of the washing season Uryum has extracted 159.3 kg of gold, down by 6.3% YoY. The company started operating at its sites on May 20. The decrease in the output is due to flooding of some sites. Uryum is developing alluvial deposits in Zabaikalye region. In early July the Bukhta-Bugarikhta and Bolshemogochinshkoye…
Uzbekistan produces more than 100 tons of gold annually. Navoi and Almalyk mining and metallurgical plants account for 20% and 70% of the total precious metal production in the country, respectively. Uzbekistan intends to bring the annual gold and silver production to 300 tons by 2021, according to the Ministry of Justice. This is envisaged…
This year the Aldan district of Yakutia has set a record of gold output – 12.6 tons. “This means there is a development, new techniques are implemented, new jobs are created, and the district itself is developing”, the Yakutia governor Aisen Nikolayev noted while visiting Polyus Aldan gold-extracting factory. According to him, gold extraction is…
Russian precious metals producer Polymetal International increased gold production by 35%, to 602 000 ounces, while silver output fell by 14%, to 11 million ounces in January-June, it said in a statement. “We expect our production volumes to be significantly higher in the second half of the year because of a seasonal fall of concentrate…
Board of Directors of Canadian gold mining company Centerra Gold Inc., the main shareholder of which is Kyrgyzaltyn OJSC, have approved of the decision to allocate $6 million for geological exploration at Kumtor mine. Additional investments in the amount of almost half a billion soms give a positive signal to the Kyrgyz economy that continued…
In January-June Petropavlovsk increased gold sales by 12% YoY, to 225.1 thousand ounces. Dore gold output grew by 15%, to 225 thousand ounces. In particular, in Q2 the company produced 117.3 thousand ounces of gold and sold 117.5 thousand ounces. The production forecast for this year is 450-500 thousand ounces of gold. (Ukrainian metal)