Gold

Polymetal consolidates 100% of Saumskaya mining company, bought 20% for $7 mln

Polymetal reported on Friday that it acquired the remaining 20% stake in Saumskaya mining company, which owns a license for the Saumskoye polymetallic deposit with resources of 435 thousand ounces

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LLC "Zoloto Sibiri" is interested in Telavayemskaya and Kypplatskaya areas.

The forecast resources of promising areas are 11 tons of gold and 424 tons of silver.

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"Susumananzoloto" issues a loan for 3.5 billion roubles.

Credit funds are planned to be used to finance gold mining costs in 2019.

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In January-June, Petropavlovsk made the loss of $25 mln against profit last year

In the first six months of 2018, Petropavlovsk Plc (Petropavlovsk Group) made the net loss in the amount of $24.8 million against the profit in the amount of $24.5 million in the previous year, the

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Gold production at Asachinskoye deposit grows by 37.9%

Trevozhnoye Zarevo, a subsidiary of Trans-Siberian Gold, produced 20.698 ounces of refined gold and 46.152 ounces of refined silver in the first six months of the year.

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410 kg of gold are produced by the "Uryum" company in Transbaikalia at the end of the season.

The subsoil user exceeded the production plan by 5.1%.

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Polyus to buy back Eurobonds of four issues for $132 mln

Polyus will buy back its own Eurobonds of four issues to the total amount of $131.8 million, the company reports.

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Within H1 2018 Trans-Siberian Gold increases EBITDA by 63%.

The growth of the financial performance of the organization is associated with an increase in the volume of production and sale of precious metals.

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From 2025 the Khabarovsk Region to produce at least 27 tons of gold per year.

The production index in the region is to be increased due to the launch of new gold mining enterprises.

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Kamchatka’s Olkhovaya-1 doesn’t attract subsoil users

An auction, scheduled for September 27, on the placer gold site of Olkhovaya-1 in Kamchatka, has been declared invalid because of the lack of applicants, this follows from the materials on the resu

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