Polymetal CEO Vitaly Nesis thinks that silver has more prospects than gold. According to him, demand for silver is much higher, while the output decreases. In time price of silver will grow. At the same time, it is difficult to forecast gold price. That’s why Polymetal CEO believes that silver is better than gold. “Silver…
In January-September Kazakhstan produced 62,697 kg of unwrought gold, up by 16.3% YoY. According to the Statistics Committee of the Ministry of National Economy, production of unwrought silver in the reporting period amounted to 792,535 kg, down by 12.5% from January-September of 2016. (Kazinform/Ukrainian metal)
In January-July Russia produced 157.19 tons of gold (145.95 tons in 2016), including 126.39 tons of mined gold (117.76 tons), 10.41 tons of accompanying gold (8.46 tons) and 20.39 tons of secondary gold (19.73 tons). Silver output totaled 593.19 tons (581.07 tons), including 268.25 tons of mined silver (291.74 tons), 196.84 tons of accompanying silver…
In January-September Khabarovsk krai obtained 17.588 tons of gold, up by 19.1% YoY. In particular, ore gold amounted to 13.891 tons, and alluvial gold – 3.696 tons. Silver output totaled 47.282 tons, up by 41.8%. Gold output increase was due to Svetloye LLC (Polymetal), Mnogovershinnoye (Rusdragmet LLC) and Amur Zoloto (Russian Platinum). Okhotskaya Mining and…
In January-September Chukotka Autonomous District obtained 19.88 tons of gold, including 17.59 tons of ore gold and 2.28 tons of alluvial, down by 11.5% YoY. Silver output dropped by 21%, to 99.28 tons. The decrease in output has to do with the drop in Kinross Gold operations. In particular, the Chukotka Mining and Prospecting Company…
Russian gold output increased by 5.93% YoY, to 122.3 tons in January-June, the Finance Ministry said in a statement on October 4 citing data on supplies to gold refineries. Mined gold output rose by 5.48%, to 96.3 tons in the period, while by-product gold output increased by 15.07%, to 8.4 tons, and gold scrap production…
Berezitovy Mine LLC, a part of Nordgold, is celebrating 10 years since it has started developing the Berezitovoye deposits in Amur region. So far the company has mined 19.8 million tons of ore, producing over 28.5 tons of gold and 33.2 tons of silver. Gold reserves at the site are estimated at 33 tons with…
As of today Magadan region has obtained over 21 tons of precious metals (gold as well as silver, calculated into gold), up by 3 tons YoY. Alluvial share is 12 tons, and ore share – 9 tons. This year the region has to provide 31 tons of precious metals. (Ukrainian metal)
