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Tag Archives: Susumanzoloto

Russia: Susumanzoloto enterprise gold output down in 2018

gold, SusumanzolotoBy admin21.12.2018Leave a comment

This year Gerba LLC, a part of Susumanzoloto, extracted 91.7 kg of alluvial gold with the target at 150 kg. Last year the enterprise yielded 159.2 kg of gold, thus the output this year dropped by 42.4% YoY. The reason of such a decrease is not disclosed. Consolidated gold output at Susumanzoloto group in January-November…

Russia: Susumanzoloto extracts 5.6 tons of gold

gold, SusumanzolotoBy admin10.12.2018Leave a comment

In January-November Susumanzoloto extracted 5603.4 kg of gold with the plan being 5257 kg. The group enterprises are developing ore and alluvial gold sites in Magadan region and the Republic of Sakha (Yakutia). In particular, Drazhnik LLC yielded 1803.6 kg of gold, Chay-Urya zoloto LLC – 852.1 kg, Itkana LLC – 560.1 kg, Astra LLC…

Russia: Susumanzoloto profit up in January-September 2018

SusumanzolotoBy admin19.11.2018Leave a comment

In January-September Susumanzoloto revenue grew by 26.2% YoY, to 12.349 billion rubles. Profit increased by 17.4%, to 3.691 billion rubles. Net profit went up by 22.9%, to 2.806 billion rubles. Accounts payable as of September 30 totaled 2.794 billion rubles, up from 1.24 billion rubles as of December 31, 2017. The value of the company…

Russia: Susumanzoloto to get 3.5-billion rubles loan

SusumanzolotoBy admin02.10.2018Leave a comment

The board of directors of Susuman Mining and Processing Works “Susumanzoloto” has decided to take a loan of 3.5 billion rubles from Sberbank. The funds will be spent to finance gold mining in 2019. Since 2017 the company has been constructing a mining and processing works at the Shrumovskoye deposits in Magadan region. The commissioning…

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