Russia: gold output up in 2017

Russia’s gold output increased by 6.4% YoY, to 306.9 tons in 2017, the Finance Ministry said in a statement on February 13 with data on supplies of the metal to gold refining plants. Mined gold output rose by 6.8%, to 253.9 tons, by-product gold output increased by 7.2%, to 16.4 tons, and gold scrap production…

Russia: Gorniy site starts yielding gold

Kanchalano-Amguemskaya Ploschad LLC has begun industrial gold-extracting at the Gorniy site of the Zhilnoye deposits in Chukotka. The first ore has been sent to the gold-extracting factory of the Valunisty mine, and the first ingots are expected this month. By the end of the second quarter the company intends to have obtained 505 kg of…