Russia mineral extraction

"Nergeoprom" buys Jackdachinsk gold in Transbaikalia for 173 million roubles.

Also on this day, May 7, there were three auctions for Trans-Baikal placers.

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The Amur "Stanovik" takes the quota for 100 kg of gold in 2019.

The quota volume is comparable to the result of production last year.

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In Q1 Ksenyevsky mine receives 86 million rubles of profit

In January-March 2019 the Ksenyevsky mine (part of LLC Verkhneamurskie promysly), received a net profit of 85.91 million rubles under RAS compared to a loss of 27.883 million a year earlier, it fol

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Polyus attracts credit line for $40 mln from Intesa

Intesa Bank has opened a credit line for Polyus Krasnoyarsk (part of Polyus) in the amount of $40 million, the press centre of the bank reports.

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VTB sells Polymetal's securities

VTB Bank reduced its stake in Polymetal International plc to zero from 12.63%. This is stated in the bank materials.

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Seligdar intends to increase dividends on preferred shares by 56%

Seligdar can allocate 337.5 million rubles for the payment of dividends for 2018 on preferred shares, which is by 56.3% more than in the previous year, it follows from the company's report on t

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"Seligdar" reduces revenue from the sale of gold by 62%.

According to the RAS report, the company suffered a loss in Q1.
The gold mining company PJSC "Seligdar" published a report on the financial results of RAS for Q1 2019.

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Polyus cuts Natalka’s capital expenditures by 72%.

Also in Q1 cash costs for production reduced.

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In 2019 "Uchalinskiy GOK" to extract nearly 1 ton of gold.

In 2019 JSC Uchalinskiy GOK (part of UMMC) expects to extract 951 kg of gold and 28.57 tons of silver, as follows from the company's quarterly report.

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In January-March, Polyus increased its net profit 2 times

In January-March 2019, the net profit of Polyus increased over 2 times to $528 million.

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