28 May 2015 15:02
Russia ups gold production 2% in Q1
MOSCOW. May 28 (Interfax) - Russia produced 46.418 tonnes of gold in Q1 2015, 2% more than in the same period of last year, the Gold Producers' Union said.
Production of ingots from mined gold grew 4% to 35.75 tonnes and from byproduct gold - 4% to 4.185 tonnes, while production from secondary gold fell 8% to 6.518 tonnes.
Production of gold concentrates with subsequent export fell 38.6% to 2.089 tonnes.
The Union stands by its 2015 gold production forecast of not more than 291 tonnes.
Gold production by leading companies in Q1 2015 (tonnes):
| Company | Q1 2014 | Q1 2015 | Change | FY 2015, forecast | FY 2014, actual |
| Polyus Gold | 10,32 | 10,98 | +6% | 50,7-53,2 | 52,7 |
| Kinross Gold | 5,31 | 5,3 | 0% | 21,1-21,8 | 21,3 |
| Polymetal | 5,19 | 5,15 | - 0,7% | 27 | 26,34 |
| Petropavlovsk | 4,95 | 3,51 | -29% | 21,1-21,7 | 19,4 |
| Nordgold | 2,63 | 2,16 | - 17,9% | 11 | 10,58 |
| OJSC Uzhuralzoloto (UGOLD)* | 1,43 | 2,16 | +51% | 10 | 7,3 |
| Highland Gold Mining | 1,44 | 1,48 | +3% | 7,8 | 6,76 |
| OJSC Vysochaishy (GV Gold) | 1,32 | 1,2 | -9% | 5,3 | 5,48 |
| OJSC Zoloto Kamchatki (Gold of Kamchatka) | 0,439 | 0,541 | +23% | 1,0 | 1,78 |
| OJSC Rudnik Karalveem | 0,518 | 0,347 | -33% | 1,7 | 1,58 |
| CJSC Vasilyevsky Rudnik | 0,343 | 0,307 | -10% | 1,6 | 1,58 |
| Trans-Siberian Gold | 0,188 | 0,296 | +57% | 1,5-1,6 | 1,12 |
| Zapadnaya Mining Cooperative | 0,268 | 0,275 | +3% | 2,2 | 2,6 |
| LLC Rudnik Valunisty | 0,163 | 0,269 | +65% | 1,0 | 0,74 |
| CJSC Omsukchansk Mining Company | 0,24 | 0,21 | -12% | 1,0 | 1,17 |
* Production growth due largely to acquisition of LLC Sovrudnik
