Industry News

16 May 2016

According to the results of January-March 2016, Russian enterprises produced 50.815 tons of gold mined and obtained by byproduct production, including processing of scrap and waste, as well as in concentrates which is about 8% more than in the same period of 2015, according to the Union of Gold Producers of Russia.

The data of Union of Gold Producers of Russia on mining and production of gold in Russia, kg:

	January-March '16	January-March '15	Change in %	2015
primary production	37508	35715	+5.02	232341
byproduct production	3514	4185	-16.03	16604
Scrap production	9145	6518	+40.30	38474
gold in the concentrates	648	606	+6.93	5965
TOTAL	50815

Increase in gold production is obtained, mainly due to the development of the existing capacities in the fields of:

- Pavlik (GRC Pavlik, member of IC Arlan) in the Magadan region;

- Ametitovoye (ZolotoKamchatki, member of GC Renova) in Kamchatka;

- Albazinskoye (Polymetal) in the Khabarovsk Territory;

- Aleksandrovkoye (ZapadnayaGMLt) in the Trans-Baikal Territory;

- Verninskoye (Polyus) in the Irkutsk region.

Increased production was also obtained by increasing the content in the mined ores and gold extraction in the fields Blagodatnoye in the Krasnoyarsk region and Kuranakhskoye ore field in Yakutia (both are members of Polyus).

The first, largest gold producers in Russian, tons:

	January-March '16	January-March '15	Change in %	2015	Prognosis '16
Polyus	11.95	10.97	+8.9	54.7	54,7-56,0
Kinross Gold	5.50	5.24	+5.0	21.7	21,1-21,8
Polymetal	4.85	5.15	-5.8	24.65	23,0-24,0
Petropavlovsk	2.86	3.51	-18.5	15.68	14,3-15,5
Yuzhuralzoloto GK	2.61	2.16	+20.8	13.00	13,0-14,0
Nordgold	2.05	2.64	-22.3	10.64	10,0-10,8
ZolotoKamchatki	1.50	0.54	+177.8	2.54	3.0
Highland Gold	1.45	1.48	-2.0	6.56	6.7
Vysochaishy	1.19	1.20	-0.8	5.64	5.3
ZapadnayaGMLt.	0.80	0.28	+185.7	2.88	2.8
Pavlik	0.51	-	-	1.07	3,0-4,0
Mine Karalveem	0.42	0.35	+20.0	1.48	1.7
Kurilgeo	0.31	0.44	-29.5	1.68	1.5
Omsukchanskaya GGC	0.30	0.21	+42.9	0.97	1.0
Trans-Siberian Gold	0.29	0.30	-3.3	1.18	1,5-1,6
Mine Valunisty	0.20	0.27	-25.9	1.01	1.0
Vasilevskyrudnik	0.13	0.31	-58.1	1.45	1.6
Susumanzoloto	0.11	0.14	-21.4	4.23	4.0
Mangazeya Mining	0.05	-	-	1.04	1.0
Seligdar	0.04	0.06	-33.3	3.51	4.0

In addition, Union of Gold Producers of Russia reported that the total silver production in Russia in the first quarter of 2016 increased by 3% compared with January-March 2015 - up to 399.89 tons. In the total, 114.81 tons (+ 10%) were produced by silver mining companies, 64.76 tons (-10%) – through byproduct production of non-ferrous metals, 172.67 tons (+ 5%) - in silver concentrates. More 47.65 tons (+ 5%) – while processing scrap and waste.Polymetal and Chukotka GGC (Kinross Gold), the largest companies, producing silver in Russia, in the first quarter of 2016 received 220.8 tons (+ 4%) and 38.14 tons (+ 12%) respectively. As it was informed, following the results of 2016 Union of Gold Producers of Russia expects total production of 297 tons (+ 1%) of gold and 1,700 tons (-5%) of silver.

Source: Economical Information Agency "PRIME" gold.1prime.ru

In I quarter increased gold production by 8% - Union of Gold Producers