Union: Russia’s gold output rises 3.4% to 243 tns in Jan–Sep

MOSCOW, Dec 11 (PRIME) -- Russia’s gold production rose around 3.4% on the year to 243.06 tonnes in January–September, the Union of Gold Producers of Russia said on Tuesday in a statement.

Mined gold production increased 3.4% on the year to 194.857 tonnes, while by-product gold production fell 12.8% to 11.689 tonnes, gold scrap production went down 3.8% to 25.103 tonnes, and gold concentrate production increased more than 50% to 11.411 tones.

Silver production decreased 1.6% on the year to 1,204.71 tonnes in the period.

The union confirmed its forecast for gold production to grow 3.3% to 328 tonnes in 2018 and for silver production to increase 2% to 1,600 tonnes.

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