Russia: gold output up in January-May 2020

In January-May, Russia increased gold output by 2.83% YoY, to 104.31 tons. In particular, extracted gold amounted to 86.38 tons, up by 6.66%, by-product gold – 6.79 tons, down by 7.62%, and secondary gold – 11.15 tons, up by 14.96%. Silver manufacture decreased by 7.39%, to 355.3 tons, including extracted silver – 175.39 tons, down…

Russia: gold output up in 2019

Russia’s gold output rose by 9.29% YoY, to 343.54 tons in 2019, the Finance Ministry said citing the data on raw materials supplies to the refining plants. Mined gold output rose by 8.22%, to 286.05 tons, and by-product gold output by 23.14%, to 19 tons, while secondary gold production grew by 11.31%, to 38.49 tons.…

Russia: Kurilgeo gold output down in 2019

In 2019, Kurilgeo LLC, developing gold sites in Sakhalin, received 3.5 billion rubles from the sales, on par with the previous year results. Net profit decreased by 6.4%, to 971.8 million rubles. Tax payments exceeded 1.4 billion rubles, including 1.1 billion rubles of profit tax. Last year, the company produced 1106 kg of gold, down…