Russia’s gold output rose by 2.45% YoY, to 314.42 tons in 2018, the Finance Ministry said citing data on gold supplies to refining plants. Mined gold output rose by 4.14%, to 264.41 tons, while by-product gold output decreased by 5.85%, to 15.44 tons, and gold scrap production fell by 5.55%, to 36.6 tons. Russia’s silver…
In January Chukotka Autonomous District extracted 1665 kg of gold and 8.7 tons of silver, down by 5% and by 19% YoY. At present only ore gold is being mined. 5 companies are involved in the process. Alluvial gold sites development will start in May. 7 companies will operate there. In 2018 Chukotka obtained 24,130…
In January Druza LLC extracted 68.3 kg of gold, down by 2.4% YoY. At present the company is developing the Nevskoye gold ore deposit in Irkutsk region. The development of alluvial sites will start in May and last through October. In 2018 Druza LLC yielded 944.4 kg of ore gold. (Ukrainian metal)
The Ministry of Finances proposes canceling VAT on gold in ingots, as investment in precious metals is a good way for accumulation. Now people have to pay a 20% VAT when buying ingots from banks. While when selling ingots, the VAT is not returned, which makes purchase less attractive. Hence the low demand – some…
In 2018 GRK Darkhan LLC, developing the Kirchenovskoye deposit in Zabaikalye, sold 327.3 kg of gold and 17 tons of silver, up 1.9-fold and 2.5-fold YoY respectively. The increase is due to the growth of ore processing. While in 2017 Darkhan processed 83 thousand tons of ore, in 2018 it processed 303.1 thousand tons. Revenue…
The company Ametistovoye has received the status of the Kamchatka Advanced Development Territory resident. The reason was the signing of an investment agreement valued at 4 billion rubles with the Far East Development Corporation. The company intends to construct a mine and modernize a mining and processing works at the Ametistovoye gold deposit. The project…
In January Irkutsk region mined 1354.5 kg of gold, up by 7.5% YoY. At present only ore gold is extracted in the region. The gold-washing season will start in May. In January 4 companies mined for gold in the region – Vysochaishiy, Ugakhan, Polyus Verninskoye and Druza LLC. The main volume was provided by Polyus…
In 2018 Ukraine decreased the output of semi-wrought gold by 61.5% YoY, to 5 kg. Unwrought silver (or powder) output also decreased – by 32.4%, to 1527 kg. Semi-wrought silver manufacture fell by 50.2%, to 495 kg. (Ukrainian metal)
