In the first quarter, Venezuela spent 16% of gold reserves to fight the deepening economic crisis.
British exploration company EurasiaMining has entered into an agreement with the Construction Company "Region Stroy" Ltd. on the development of deposits of placer platinum in West Kytlym, Sverdlovsk region, - said in the company's message.
On July 26-27, Magadannedra plans to hold auctions by eight dposits of placer gold in Magadan region, - said in tender documents.
At the briefing for regional mass-media, the governor of Magadan Region, Vladimir Pecheny told about the stage of adoption of amendments to the Law "On Subsoil" allowing extraction of gold by individuals - free inwash.
The international reserves of Bank of Russia for the last few months have shown steady growth and in many respects it was supported by the rise in the cost of the main precious metal - gold.
Production of Highland Gold Mining Ltd's gold decreased in the first quarter by 0.9% compared with the same period a year earlier.
For the first month of 2016-2017 fiscal year (April), India increased its imports of bank gold for the jewelry industry by 57% in monetary term - to 401.43 million dollars, reports the Indian Gem & JewelryExportPromotionCouncil (GJEPC).
In January-March 2016, the volume of capital investments of JSC "Buryatzoloto" (included in Nordgold) was $ 2.8 million according to the Company's message. In particular, investments in exploration and evaluation of deposits amounted to 1.2 million, investments in the maintenance of production capacities is 1.6 million dollars.