Russia first-quarter gold output up 42%

Production and Markets

Publishing Date: 05 May 2009 5:31pm GMT
Author: Mining Journal

Russian gold output rose by 42% to 31.39t in the first quarter of this year from 22.11t a year ago mainly due to increased gold processing capacity, the country's main industry lobby said on Tuesday.

Output from mines rose by 51.4% to 26.46t, a statement from the Gold Industrialists Union said. The increase was achieved by raising output capacities at gold extraction factories in three regions in the Russian far east and Siberia, it said.

Output achieved by refining gold from scrap rose by 11.6% to 1.48t and production of gold as a by-product of other metals rose by 4.1% to 3.45t, the lobby said.