The extraction and production of gold in Russia for 6 months increased by 14.4%

The extraction and production of gold in Russia for 6 months of 2013 increased by 14.4% to 90.59 tons compared with the same period in 2012 due to the growth of production, associated and secondary production. Told Itar-Tass Russian Union of Gold chairman Sergei Kashuba citing preliminary data.

"If the price remains at the level of 1300-1400 dollars per ounce in one to two years, then slow down the increase of production and, at best, remain at current levels. This year, the company will focus on the volume of production to maintain revenues, and the following vskroyut year "stash" of ore with a high metal content, and everything will depend on how many companies have this rich ore "- said Kashuba.

He also confirmed the forecast for the extraction and production of gold in Russia in 2013 in the amount of 234 tons.

In January-June 2013 gold production increased by 11% to 76.014 tons, passing production — by 4.9% to 8,251 tons, and secondary production — by 1.2-fold to 6,323 tons.

Production growth provided Khabarovsk, Krasnoyarsk and Trans-Baikal Territory, Sverdlovsk, Magadan region and other regions of Russia. The decrease in production observed in Chukotka and Kamchatka, and in Buryatia.

The annual growth in mining and production of gold in Russia there since 2008 after a 5-year incidence. Positive trends are observed in connection with the growth of prices for precious metals, as well as with the implementation of several major projects.

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