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 ...

Turkey gold output may reach 50 tons

MINEX Forum | July 9, 2019
img0 Turkey’s annual gold production “may easily reach 50 tons within the next two-three years, thanks to new investment projects,” the head of the Turkish Gold Miners Association has said. The country’s gold production, which was 22 tons in 2017, rose to 27 tons in 2018, Hasan Yücel said in a statement. He noted that Turkey produced a total of 302 tons of gold from ...

Highland Gold targeting higher production in 2019

MINEX Forum | April 15, 2019
img0 Russian gold miner Highland Gold on Friday posted profit of $56.08-million for 2018, compared with $65.86-million in 2017, as its revenue declined on a slight dip in production. The mining company generated $311.15-million in revenue, compared with $316.68-million, while earnings before interest, taxes, depreciation and amortisation came to $153.06-million, from $155.28-million in 2017. Total production ...

Dundee’s Chelopech Bulgaria mine exceeds 2018 production guidance

MINEX Forum | January 14, 2019
img0 Dundee Precious Metals’ Chelopech mine and smelter, in Bulgaria, achieved another record year of gold production, at 201 100 oz, in 2018, exceeding the company’s guidance of 190 000 oz to 200 000 oz. Moreover, copper production of 36.7-million pounds was in line with guidance of 35-million to 38-million pounds. Chelopech’s production performance was attributed ...

Gold production to grow in the next four years: report

MINEX Forum | November 27, 2018
img0 A report by Fitch Solutions states that the period 2018-2022 is seeing a growth in gold production because slightly higher prices and stronger company financials are encouraging greater mine investment. “We forecast global gold production to increase from 104moz in 2018 to 115moz by 2022, averaging 2.6% annual growth,” the document reads.”We expect gold prices ...

Russia to keep the third place in the world gold-production ranking

David McHutchon | December 15, 2016
img0 Russia will maintain third place in the list of global gold producers after China and Australia in 2016, the chairman of the Union of Gold Producers of Russia (UGPR) said sputniknews.com We will surely maintain the third position in production of gold from mineral raw materials… we predict that Russia will preserve its third place after China and Australia. At the same time we are very ...