Russia increased gold refining by 4.4% in January-May 2016

05 Aug 2016

Gold production in Russia increased in January-May 2016 by 4.45% compared with the same period of the previous year - up to 86.7 tons from 83.01 tons, reported the Ministry of Finance of the Russian Federation with reference to data on the supply of raw materials to the Russian refiners.

Refining gold production according to Ministry of Finance, tons:

Jan-May '16

Jan-May'15

%

2015

Extraction

66.31

62.67

+5.81

234.240

Byproduct production

6.08

6.83

-10.89

16.970

Scrap (waste)

14.31

13.51

+5.92

38.260

TOTAL:

86.70

83.01

+4.45

28.9470

Silver production in Russia in January-May decreased by 9.46%, to 372.81 tonsfrom 411.77 tons in the same period of the previous year, including extraction - 196.75 tons against 223.4 tons,byproduct - 88, 48 tons (111.81 tons in January-May 2015), scrap - 87.57 tons (76.56 tons in January-May 2015).

Gold production in the Russian Federation, kg:

January-May'16

January-May'15

%

Krasnoyarsk Krai

18426.183

17930.66

+2.76

Chukotka

10108.872

9389.05

+7.67

Amur region

6718.465

8678.84

-22.59

Irkutsk region

5874.059

5062.14

+16.04

Khabarovsk region

5463.891

5327.32

+2.56

Magadan Region

4061.033

2851.34

+42.43

The Republic of Sakha (Yakutia)

3634.174

3556.52

+2.18

Kamchatka Krai

2926.747

1352.14

+116.45

Chelyabinsk region

2204.552

2014.20

+9.45

Sverdlovsk region

1894.900

2228.15

-14.96

The Republic of Buryatia

1771.602

1732.67

+2.25

Transbaikal Krai

1306.710

771.29

+69.42

Sakhalin region

546.595

621.78

-12.09

Tyva Republic

485.186

330.42

+46.84

The Republic of Khakassia

341.771

297.98

+14.70

Kemerovo region

183.194

155.27

+17.98

Altai Krai

160.612

207.92

-22.75

Novosibirsk region

48.518

71.74

-32.37

For the first time,the Ministry of Finance gave the statistics of precious metal mining in Russia by the end of 2014. The Office does not provide data for the production of gold concentrate that is manufactured for export and does not supplied to the refineries of the Russian Federation. According to the Ministry of Finance, gold production in Russia in 2015 amounted to 289.47 tons.

Source: Economical Information Agency «PRIME» http://gold.1prime.ru