The State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan announced an auction for alluvial gold and silver deposits. The license for exploration of alluvial gold deposit Urmaral, located in Bakay-Ata district of Talas region, was estimated at $6,250. The forecast gold resources are 1,85 tons. Kumushtag ore field was also put up for…
In 2016 the Petropavlovsk Group opened the Elginskoye gold deposits (Amur region). The reserves at the deposits are estimated at 56.2 million tons of ore with 72 tons of gold and 14 tons of silver. “I believe that Elgisnkoye deposits hides much more in terms of resources and reserves. It is much larger than our…
In 2016 Kazakhstan reduced exports of silver, however revenues grew and the country earned $584 million. Export volume in physical terms decreased by 8.8%, but in monetary terms it increased by 21.2%. In 2016 export of unprocessed or semi-finished silver and silver powder reached 1.17 thousand tons valued at $584.6 million. Kazakhstan’s main partner is…
In 2016 Zoloto Kamchatki, a part of Renova, increased gold output by 114% YoY, to 175.25 thousand ounces (5451 kg), and that of silver – by 309% YoY, to 247.35 thousand ounces (7694 kg). Gold sales in 2016 went up by 131%, to 173.68 thousand ounces, at the average price of $1251.66 per ounce. The…
Russian silver and gold producer Polymetal International will buy 5% in the Prognoz silver field for $3 million through an acquisition of 10% in Polar Silver Resources, which indirectly controls 50% in the field, Polymetal said in a statement. Polymetal also has an option for raising the stake in the field, located in the republic…
In January-October 2016 Russia produced 244.55 thousand tons of gold, up by 0.26% YoY. Silver output dropped by 9.9% YoY, to 897.65 tons. The first time when the Ministry of Finance provided precious metals output statistics was in 2014, when gold output reached 287.978 tons. (Ukrainian metal)
Gold output on the Urup Island of Russia’s Kuril Islands will fall by 100 kilograms to 1.583 tons in 2016, but silver output will rise to 4.274 tons from 3.327 tons, local precious metals producer Kurilgeo said. Despite the production cut, revenue from the sales of gold is to increase by 11% to 4.3 billion…
In January-November Chukotka companies mined 26.974 tons of gold, down by 9.78% YoY. Silver output grew by 7.19% YoY, to 149.96 tons. In particular, Kinross Gold decreased output by 9.7% YoY, to 19.537 tons of gold, while silver production went up by 5.8%, to 141.127 tons. Karalveyem Mine gold output dropped by 3.06% YoY, or…
