Industry News

04 Oct 2016
Gold & Precious Metals Summit to be held in early December in Shanghai

China summit on gold and precious metals is scheduled to be held in Shanghai during 7-8 December, 2016.

04 Oct 2016
Kolyma to increase gold production up to 28-29 tons in 2017

The Magadan region is going to increase gold production up to 28-29 tons in 2017 from 27 tons previously planned for this year, according to Vladimir Pecheny, governor of the region. “As for the prospects, it is based on real calculations and estimations.

03 Oct 2016
Finance Ministry cuts purchases of precious metals and stones to State Repository

The Russian Finance Ministry proposed to amend the federal budget estimate for 2016, according to which the acquisition amount of precious metals and stones to the Russian State Repository for Precious Metals is limited to 5.018 billion rubles, according to the draft of a bill published on the federal portal of legal acts.

15 Sep 2016
On Wednesday gold grew on the weakening of the dollar

On Wednesday in New York gold futures quotations ended the session at the positive territory receiving support from the dollar weakening and expectations of the increase of the key FRS interest rate in September. 

15 Sep 2016
“Uralelectromed” shall increase the precious metals extraction

"Uralelectromed" (UMMC enterprise) intends to increase the precious metals extraction by means of the introduction of new technology of production of antimony-tin concentrate, according to the company.

15 Sep 2016
Negotiations between the Prime Minister of the Kyrgyz Republic and the head of Centerra Gold were held in Bishkek

Today, on September 14, a meeting between the Prime Minister of Kyrgyzstan Sooronbay Jeenbekov and the Canadian gold mining company Centerra GoldInc CEO Scott Perry took place in Bishkek. 

14 Sep 2016
Gold rises in price against the background of the US currency weakening

According to data of exchanges, on Wednesday, the gold price rises against the background of a slight weakening of the dollar, caused by declining expectations of an increase in the basic interest rate of the USA Federal Reserve System. 

14 Sep 2016
There is the output growth at the gold mine “Mute” in Iran

According to the representative of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), production of gold bullionsat gold mining complex “Mute”, during the period from March 21 to August 20 of 2016 amounted to 117 kilograms.