Gold

In 2014 Polyus Gold is to reduce the capital costs to $650-750 million.

According to the 2013 production report, the gold mining company Polyus Gold expects its 2014 capital expenditures will range from $650 to $750 million. The company notes that in 2013 production maintenance and development costs were amounted to $1.2 billion (only $ 223 million of which Polyus Gold has spent on maintenance).
In 2013 the company spent bulk of these funds on the development of the Natalkin deposit - about $ 1 billion.

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By results of 2013, Polyus Gold increased gold production by 5%

By results of 2013, the largest Russian gold-mining company Polyus Gold increased gold production by 5% to 1.65 million ounces as compared with 1.57 million ounces in 2012, the company reported.
As it was noted, Polyus Gold’s results are close to the upper border of its own target interval of 1.59-1.68 million ounces (without assets of the company in Kazakhstan).

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In 2013, Kazakhmys increased copper concentrate production by 3.3% to 316,200 tons

In 2013, Kazakhmys increased copper concentrate production by 3.3% to 316,200 tons, and cathode copper production by 0.6% to 294,000 tons. The enterprise made 107,500 ounce of gold (-16.7%), 14.348 million ounce of silver (+13.5% at the expense of enlargement in the coefficient of extraction and processing of raw materials in excess to industry norms), and 134,100 tons of zinc concentrate (-11.5%). Ore extraction increased by 4.5% to 39.191 million tons. The index increased at the expense of enlargement in production at the mines of Konyrat and Nurkuzgan. Read more »

In 2013, Russia increased gold production by 12.8%

In 2013, Russia increased gold concentrate production by 12.8%, and gold bars production by 16.2%. Palladium and alloys production reduced by 3.5%, and platinum and alloys production increased by 17.5%. Silver concentrate extraction and production increased by 4.4%, and unprocessed diamonds production increased by 2.5%.

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Trans-Siberian Gold increases gold production by 7.5% in 2013.

By the results of 2013 the British Trans-Siberian Gold (TSG, develops precious metals deposits in Kamchatka) increased gold production by 7.5% compared with 2012 to 29,67 thousand ounces (923kg), the company states.
Last year silver production increased by 11.2% to 39.026 thousand ounces (1.2 tons). In 2013 the average gold content in the prospected ore decreased by 3.8% compared with 2012 – to 6.29 gpt, the silver content dropped by 11.4% to 10.45 gpt. The recovery degree of gold last year was 94.43%, of silver – 75.44%.

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Rosgeologia completes mapping of central part of Sakhalin

Specialists of the Sakhalin geological survey expedition (SakhGRE, a part of Rosgeologia) has successfully completed mapping of the central part of Sakhalin. Set of maps at scale 1: 1 000 000 at sheet of M-54 of Aleksandrovsk-Sakhalinsky was adopted by customer - Institute of Geological Research VSEGEI. Works on the project were carried out from 2011.

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In 2013, Petropavslovsk increased gold production by 4.3% to 741,200 ounces

In 2013, Petropavslovsk Plc. increased gold production by 4.3% to 741,200 ounces. In Q4, it raised production by 14.2% to 242,000 ounces. The planned production for 2014 is 625,000 ounce of gold.
Translated by Nadezhda Poltoratskaya
Source:  http://www.finam.ru/analysis/newsitem/petropavlovsk-po-itogam-2013-uvelichil-vypusk-zolota-na-4-3-do-741-2-tys-unciiy-20140123-1124/

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Polyus intends to use photometric sorting at the Natalkisnoye deposit

The postponement of the GOK launch at the Natalkisnoye deposit by the company Polyus Gold for a year – till summer of 2015 – will allow it to master new methods of gold mining, the General Director of the Matrosov mine Mikhail Gusev reported at the meeting with Kolyma’s Governor, Vladimir Pecheny.
“This time will be used for research; they will find out how well the method of photometric sorting suits for the Natalkisnoye deposit’s reserves. It enables to separate buckstone from gold-bearing ore before the reduction stage. And this is a serious resources saving,” – Gusev stated.

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Kostroma region can bear oil resources of 650 million tons

The Kostroma region can bear oil resources of 650 million tons, the regional natural resources department reports. The regional authorities suggests that in near future it can become a region producing expensive resources, such as gold and oil. Since 1960-s, the region has prospected oil. In the beginning of 1970-s, one well gained 650 l of oil, and another gained 50 l. Their depth was 2 km. The regional subsoil can bear oil resources of 650 million tons.

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In 2013, Polymetal increased gold production by 37%

In 2013, Polymetal increased production by 37% to 805,000 ounces (25 tons) of gold, and by 3% to 27.2 million ounces (846 tons) of silver, and reduced copper production by 26% to 4,841 tons. Total metal production increased by 21% to 1.282 million ounce in gold equivalent.
The company agreed the production plans for 2014 and 2015 at a rate of 1.3 million and 1.35 million ounces in gold equivalent. In particular, in 2014 the enterprises of Ducat and Omolon in the Magadan are going to produce correspondently 400,000 ounce and 170,000 ounces in gold equivalent.
They are going to produce 210,000 ounces in gold equivalent at Albazino in the Amur region, 140,000 ounce in gold equivalent at Mayskoye at Chukotka, 150,000 ounces in gold equivalent at Vorontsovskoye in the Sverdlovsk region, 120,000 ounces in gold equivalent at Khakanja in the Khabarovsk region and 110,000 ounces in gold equivalent at Varvarinskoye in Kazakhstan.

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