Russia: Arkhara to extract 150 kg of gold

Arkhara LLC, extracting gold on the territory of the Jewish Autonomous District, intends to obtain 150 kg of alluvial gold this year. At present the company is operating at one licensed site – the Fedoseyka River. So far 40 kg of gold have been extracted Last year the output was 200 kg. Arkhara, operating since…

Azerbaijan: gold, silver and copper production up in January-May 2019

Some 1,395 kilograms of gold were extracted in Azerbaijan in January-May, up by 9.8% YoY, the Azerbaijani State Statistics Committee reported. Silver production in Azerbaijan increased by 18.1%. According to the statistics, the total volume of the extracted silver and concentrates reached 1,364 kilograms. Some 805 tons of copper ore and concentrates (+44.9%) were extracted…

Russia: gold output up in Q1 2019

In January-March, Russia produced 61.464 tons of gold, up by 13.3% YoY. The Gold Miners’ Union has increased its output forecast for 2019 to 340 tons, up by 3.1%, including 306 tons (+3.6%) of primary gold. Earlier it was expected to obtain 300 tons of primary gold. At the same time, silver output in Q1…

Armenia: gold bars manufacture to start soon

Chairman of the Central Bank Artur Javadyan said that Armenia would soon start producing gold bars. Addressing a government meeting on June 19, Javadyan revealed that a factory would be established, and that all the equipment had already been purchased. “We are working with a prestigious Swiss company. A factory will open to enable our…