Silver, Russia Metals and Mining

Amur GMK produced 2.3 tons of gold in Q1

In 2017 the plant realizes a project of production modernization aiming for the increase of production up to 200 thousand tons of concentrate.

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58.8 thousand ounces of gold are produced by Polymetal in Kolyma in Q1.

Within the reporting period the bulk of production fell on the Omolon hub.

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In Q1, Polymetal increased production of precious metals by 8%

In the first quarter of 2017, Polymetal International increased the production of precious metals by 8% compared to the same period last year to 280 thousand troy ounces of gold equivalent.

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In 2016, Kurilgeo received 1.8 bln rubles

In 2016, the gold mining company Kurilgeo earned 4.07 billion rubles on the sale of gold that is by 6% more than a year earlier.

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Volume of gold production in Chukotka continues to fall

In the first quarter of the current year, subsoil users of the Chukotka autonomous district produced 5.588 tons of gold and 32.873 tons of silver.

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Kolyma expects gold production growth by 9% in 2017

The Magadan region plans to increase gold mining by 9.3% in 2017 compared with 2016 to 30.5 tons, silver – reduce by 24.1% to 675 tons.

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Russia increased gold reserves by 1.3 thousand tons in 2016

In 2016 Russia increased gold reserves by 1.255 thousand tons by means of the realization of the program “Recovery of mineral and raw materials base, geological study of subsoil”, Rosne

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In 2016, investors spent 5 bln rubles on Kamchatka mining projects

In 2016, the investments in the mining industry and the extraction of minerals in Kamchatka exceeded 5 billion rubles.

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In January-February, Chukotka reduced gold production to 3.5 tons

In January-February of this year, subsoil users of the Chukotka autonomous district produced 3.577 tons of gold.

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As of January 1, Polymetal’s ore reserves of gold estimated at 17.6 mln ounces

As of January 1, 2017, the estimated gold reserves at Polymetal International’s fields under international standards decreased by 1% compared to the previous year to 17.6 million troy ounces

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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