Russia’s Chukotka gold output falls 12% to 23.6 tns in Jan–Nov

ANADYR, Dec 11 (PRIME) -- Gold production on Russia’s Chukotka peninsula decreased 12.34% on the year to 23.646 tonnes in January–November, a spokesperson for the regional industry policy, construction, and housing and utilities department told PRIME on Monday.

Silver production in the area fell 18.96% on the year to 121.533 tonnes in the period.

Chukotka Mining and Geological Company, a unit of Kinross Gold, produced 8.897 tonnes of gold, down 8.74% on the year, and 103.22 tonnes of silver, down 17.82% on the year, at its Kupol deposit.

Gold production of Severnoye Zoloto, Kinross Gold’s affiliate that develops the Dvoinoye deposit, fell 25.23% to 7.319 tonnes, and silver production decreased 28.24% to 11.244 tonnes.

Output of gold concentrate at the Maiskoye deposit, developed by Polymetal’s unit, shrank by 5.5% to 2.988 tonnes.

Output of Rudnik Karalveyem, owned by Israeli businessman Lev Leviev, fell 3.58% to 1.321 tonnes, but silver production rose 4.7 kilograms to 149.5 kilograms.

Valunisty Mine, controlled by Russian billionaire businessman Roman Abramovich’s Millhouse Group, decreased gold output by 9.24% to 783.2 kilograms and silver output by 19% to 8.502 tonnes.

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