In January-March the Republic of Sakha (Yakutia) mined 2.4 tons of gold, up by 27% YoY. This year the region intends to obtain 25 tons of gold. Silver mining in 3 months increased by 88% YoY, to 43.8 tons. The goal for this year is 80 tons of silver. (Ukrainian metal)
Polymetal International plc has confirmed the acquisition of a 50% stake in the silver deposits of Prognoz for $140 million, to be paid in Polymetal shares. As the result of the deal Polymetal stake in Prognoz reached 100%. The total cost of the purchase reached $215 million, including $3 million paid for the initial 5%,…
In 2018 Kamchatka region intends to obtain 6800 kg of gold and 16.5 tons of silver. Ore gold companies will provide for the main part of the output – 6700 kg. Alluvial gold companies have to obtain at least 100 kg. In case the output target is met, gold output will grow by 2% YoY,…
Polymetal Int intends to become the sole owner of the Prognoz silver deposits in the Republic of Sakha (Yakutia) by purchasing another 50% in the project. According to Polymetal chief executive director Vitaly Nesis, the deal could be struck in Q2. On April 13 the company announced the finalization of the deal to buy 45%…
In January-March Serebro Magadana (a part of Polymetal) mined 381 kg of gold and 170 tons of silver. Omsuckchanskaya factory processing grew by 2%, to 484 thousand tons of ore. Gold output increased by 25% YoY, while that of silver remained on the previous year level. The growth of gold output has to do with…
In Q1 Khabarovsk region obtained 3519.6 kg of ore gold and 12.8 tons of silver, up by 8.4%, but down by 5.5% YoY respectively. This year the region intends to yield 23450 kg of gold, up by 1.3% YoY. Alluvial gold season will start in May, so at present only ore gold is mined. Last…
As of April 1, the gold-extracting companies of Magadan region mined 3933 kg of ore gold, with 1417 kg obtained in March. Silver output in three months totaled 163.9 tons. Gold mining increased by 11% YoY, while that of silver dropped by 8.3%. The decrease has to do with the scheduled drop of output at…
In January-March Chukotka yielded 5.323 tons of gold, down by 5% YoY. Silver output totaled 27.5 tons. Chukotka Mining and Geological Company, a part of Kinross Gold, was the leader in gold mining, having obtained 2.408 tons, up by 86.9 kg YoY. Silver output reached 24.586 tons. Rudnik Karalveyem (Auramine Resources) mined 403.8 kg of…
