Kyrgyzstan says Centerra’s Kumtor to beat 2019 output forecast

MINEX Forum | December 4, 2019
img0 Kyrgyzstan’s largest gold mine, Centerra Gold-operated Kumtor, will produce 18.2 tonnes of gold this year, beating its own forecast of 16.6-17.6 tonnes, the Kyrgyz government said on Saturday. The government issued a statement on Kumtor after Prime Minister Mukhammedkaliy Abylgaziyev met Centerra Chief Executive Scott Perry. Kumtor produced 16.6 tonnes of gold in 2018. by

Gold miners in Russia’s far east break 40-year production record – RT report

MINEX Forum | November 25, 2019
img0 Miners in Russia’s far eastern region of Magadan have mined over 40 tonnes of gold since the beginning of 2019, government-controlled RT news site reports. According to the information, which cites local authorities, the figure implies that the miners have broken a 40-year production record. The report also states that they may reach 50 tonnes ...

Tethyan says gold porphyry system discovered at Kremice, Serbia

MINEX Forum | October 21, 2019
img0 Tethyan Resource has announced the discovery of an outcropping gold porphyry system on the western side of is Kremice project, south-western Serbia. The company says channel sampling of a large area of exposed stockwork veining at Kremice West returned consistent mineralisation, with individual samples grading up to 0.68 g/t gold and 0.21% copper. Tethyan has ...

Dundee’s Bulgaria gold mine hits capacity

MINEX Forum | September 30, 2019
img0 Dundee Precious Metals Inc. said that its Ada Tepe gold mine in Bulgaria has successfully completed ramp-up activities and has achieved full design throughput and recovery levels. “We are extremely excited to see the operation achieve and sustain design tonnages and recoveries in September as expected,” said Dundee President and CEO Rick Howes. “This is ...

Trans-Siberian rides rising tide to record revenue

MINEX Forum | August 2, 2019
img0 Trans-Siberian said it produced 9,260oz in the June quarter, and 26,456oz of silver, at Asacha in Kamchatka, a peninsula in far east Russia. For the first half gold production grew 26% year-on-year to 21,889oz, and silver production increased 42% to 59,787oz. Total revenues for the second quarter increased 14.7% year-on-year to $13.8 million. For the ...

Poland’s KGHM hits production record, expects Sierra Gorda to exceed target

MINEX Forum | May 20, 2019
img0 Polish miner KGHM (WSE:KGH), Europe’s second-largest copper producer, hit record output in the first three months of the year, thanks to improved production at its European and North American operations. The state-controlled company, which has been criticized for the steep investment allocated to developing the Sierra Gorda copper mine in Chile ($5.2B and counting), churned ...