Centerra Gold Inc. and Kumtor Gold Company have summed up their operating results in the first quarter of 2019. In the first three months of 2019, Kumtor Gold Company produced 150,308 ounces or 4,675.10 kg of gold and contributed more than 1.51 billion soms in taxes and mandatory payments. Kumtor produced 150,308 ounces of gold…
In April, Vitim started extracting alluvial gold in Irkuts region. In just one month the company has extracted 200.2 kg of gold. At the same time, in April 2018 the company yielded 206 kg of gold. This year Vitim intends to extract 2800 kg of gold. The extraction season will last till November. (Ukrainian metal)
The board of directors of Buryatzoloto, a part of Nordgold, developing the Zun-Kholba and Irokinda deposits in the Republic of Buryatia, decided to transfer licenses to its daughter companies. In particular, Zun-Kholba LLC will be operating at the Zun-Kholbinskoye gold ore deposit as well as prospecting at the Pionerskoye deposit. The company will have 6…
In January-March, Polyus Verninskoye produced 2.08 tons of gold, up by 30% QoQ and by 14% YoY. Average gold content grew by 10% QoQ, to 2.9 g per ton. Rock mining increased by 35%, to 5.6 thousand tons. Ore output totaled 978 thousand tons, up by 51% QoQ. (Ukrainian metal)
Composition of the Board of Directors of Kyrgyzaltyn OJSC has changed. Zamirbek Alymbekov replaced Anvar Estemesov. In addition, Askar Oskombaev (Chairman) and Suerkul Bakirov remained members of the Board of Directors. Suerkul Bakirov became a member of the Board of Directors in December 2018 after Emil Osmonbetov was appointed the Chairman of the State Committee…
As of May 3, Polyus Aldan has produced 2 tons of gold, almost 10 days earlier than last year. The company is able to extract 70% of gold from ore with low gold content. This year Polyus Aldan will turn 95. (Ukrainian metal)
Mangazeya Mining Ltd, mining gold in Zabaikalye region, in 2018 increased output by 13.9% YoY, to 27.7 thousand ounces. In particular, output at the Savkinskoye deposit dropped by 19.1%, to 19.7 thousand ounces. Operation at the Kochkovskoye deposit started in April 2018. Since then 6.56 thousand ounces of ore gold and 1.44 thousand ounces of…
In January-March, the largest sellers of gold were Uzbekistan with 6.2 tons, Mongolia – 3.4 tons, and Tajikistan – 1 ton, according to the latest report by the World Gold Council. The leader in the purchases of gold was Russia. In the first quarter of this year, the Central Bank of the Russian Federation purchased…