As of December 1, Magadan region has extracted 43.74 tons of gold, up by 8.4 tons YoY. The annual target was 42.7 tons, and it was reached 1 month earlier than planned. Tenkinsky city district yielded the most ore gold – 18.3 tons. Alluvial gold accounted for 18.22 tons, with the Yagodinsky city district yielding…
In 2019 the Republic of Yakutia intends to extract 34.7 tons of gold, which would exceed the historical maximum of the Soviet Union. The republic is one of the three largest gold extractors in Russia. In September a new mining and processing works was commissioned at the Vertikalnoye silver deposit. The enterprise already employs over…
In January-November Khabarovsk region extracted 23,678.3 kg of gold, up by 2.4% YoY. Ore gold accounted for 19,452.6 kg, up by 2.4%. The increase is due to the output growth at Amur Zoloto LLC (+23.5%), Mnogovershinnoye (+14%) and Okhotskaya Mining and Geological Company LLC (+6.4%). The washing season has been finished with the yield of…
Orsu Metals Corporation intends to carry out another estimation of the Sergeyevskoye gold deposit reserves in Zabaikalye region. The company has discovered new sources at the Koziy Severniy, Pik Klyuchi and Sergeyev sites. The operation at the deposit began in July. 13 shafts have been drilled with the combined length of 3,555 meters. The average…
Azerbaijan increased its silver production by 22.1% in 2019 compared to 2018. The country produced 3,218.1 kg of silver in January-October, the State Statistics Committee reported. In particular, silver mining in Azerbaijan amounted to 348 kg in October. Reserves of mined silver in the warehouses of manufacturing companies were 36.3 kg as of October 31.…
In January-October Chukotka extracted over 20 tons of gold. Two new gold-bearing deposits – Klen and Kekura – will soon be commissioned. Chukotka Mining and Geological Company was the leader among 5 gold-extracting companies of the region. This year the Kupol deposit yielded over 9 tons of gold, up by a ton YoY. 80 tons…
A silver-containing ore anomaly with the length of 3 km and width of 500 meters has been found in Yakutia, on the Kyunkyunyur site. NGGMK Capital LLC is the owner of the license to develop silver ore deposit at the site. Silver contents are estimated at 2.5 to 14.2 thousand g per ton. (Ukrainian metal)
Gold consumption by Russia’s jewelry industry fell by 0.24% YoY, to 25.002 tons, or 803,800 ounces, in January-September, a representative for the Assay Chamber of Russia reported. The industry’s silver consumption decreased by 2.61%, to 80.374 toes, or 2.584 million ounces, in the period. Russia’s gold jewelry production fell to 22.39 million items with a…
