In March, Electrum Plus LLC, a part of Susumanzoloto, extracted 35.5 kg of gold at the Vetrenskoye mine in Magadan region. The combined result for the first quarter is 95.1 kg of gold with the target at 72 kg. At the same time YoY results dropped – in Q1 2018 Electrum Plus produced 96.8 kg…
The first exchange trades on the sale of gold were held at the Uzbek Commodity Exchange (UZEX). The Almalyk Mining Metallurgical Complex acted as the gold seller. Following the auction, 600 grams of Au-1 gold were sold for more than 209 million soums. The exchange quotation was fixed almost at the starting price level and…
In 2018 investments in prospecting on the territory of the Khabarovsk region totaled 3.5 billion rubles, of which 2.9 billion rubles were invested by private companies, and 574 million rubles spent from the federal budget. Gold reserves grew by 24 tons. At present 62 enterprises are engaged in the prospecting of precious metals in the…
The gold ore reserves of Russia’s Polyus fell by 4.7%, to 64.4 million ounces as of December 31, 2018, as calculated under the JORC Code, the company said. Mineral resources rose by 0.8%, to 191.5 million ounces. (Prime/Ukrainian metal)
The Zabaikalye region group of companies Vostochnoye GRE plans to get 650 kg of alluvial gold in 2019. This year the enterprise will operate at 6 sites. The work will start in mid-May. At present the group of companies has gold reserves in the amount of 1.5 tons. 2.5 tons more will be added when…
Drazhnik LLC, a daughter company of Susumanzoloto, for the first time in its history put its dredger into operation in March (on March 25). Usually dredgers start working in late April. All the other 7 dredgers will be commissioned shortly. The company will be operating at 8 sites. Last year Drazhnik yielded 1803.6 kg of…
In January-March Druza LLC extracted 195.7 kg of ore gold in Irkutsk region, up by 8.2% YoY. In Q1 2018 Druza mined 180.8 kg of gold. At present the company is operating at only one site – Nevsky gold ore deposit. In May the company will start developing alluvial sites. This year Druza plans to…
In January-March Irkutsk region mined 3247.3 kg of ore gold, on par with the corresponding period of 2018. At present Polyus Verninskoye, Druza LLC, Vysochaishiy and its enterprise Ugakhan LLC are mining gold in the region. Polyus Verninskoye accounted for the most gold in Q1 – 1882.2 kg. Alluvial sites development will start in May.…