Gold-extracting companies can obtain a right to receive general license to export gold and silver ingots instead of one-time licenses. The amendments to the legislations have been prepared by the Ministry of Industry and Trade. The ministry believes the current system is slowing the exports down. Unlike general licenses, one-time ones are seriously limited: they…
In January-May Russia increased gold manufacture by 9.59% YoY, to 101.44 tons. In particular, gold extraction totals 80.99 tons, up by 11.74%, secondary gold – 13.1 tons, down by 4.59%, and auxiliary gold – 7.35 tons, up by 15.93%. Silver output dropped by 9.32%, to 383.654 tons, including 175.39 tons of extracted silver, down by…
In January-June Trans-Siberian Gold Plc, developing the Asachinskoye gold deposit in Kamchatka, increased its revenue by 8.7% YoY, to $30 million. Gold sales grew by 7.8%, to 22.1 thousand ounces and silver – by 125%, to 69.3 thousand ounces. Capital investments dropped 2.4-fold, to $3.9 million. Profit increased 2.3-fold, to $6.1 million. As of June…
Since the start of the year and as of mid-September Magadan region extracted 30.2 tons of gold, up by 23.1% YoY. Ore gold accounted for 17.75 tons, up by 43.8%. Alluvial gold extraction reached 12.44 tons, up by 2%. This year 3.49 tons of alluvial gold more are needed to be extracted. Silver output totaled…
Mining holds the largest share in the industrial production in Azerbaijan. Mining of precious metals such as gold and silver is increasing in volume. Thus, gold mining amounted to 2,405 kg in January-August, up by 7.2% YoY, the State Statistics Committee stated. In August alone 344.8 kg of gold was mined in Azerbaijan and transferred…
In January-August Khabarovsk region obtained 16.645 tons of gold, up by 1.4% YoY. Ore gold accounted for 13.294 tons. Alluvial gold output totaled 3.351 tons. In August gold manufacture decreased by 18% MoM, to 743 kg. Silver output in 8 months fell by 17.3%, to 31.161 tons. (Ukrainian metal)
Zoloto Kamchatki has received the results of the independent estimate of the Kumroch gold deposit reserves. SRK Consulting estimated I&I reserves at 6.9 million tons of ore, containing 71.8 tons of gold and 107 tons of silver. Indicated reserves are 4.1 million tons of ore with the average gold content of 10.93 g per ton…
In January-August Chukotka Autonomous District produced 16.21 tons of gold, down by 1% YoY. In particular, 14.43 tons of ore gold and 1.78 tons of alluvial gold were obtained. Silver output remained almost unchanged at 74.91 tons. Ore gold is mined by 5 companies in the region and alluvial gold by 7 companies. (Ukrainian metal)
