AMM - News Blog

Polymetal to pay dividend, maintains guidance

Russia focused gold miner Polymetal maintained its dividend payout and held full year production guidance despite the Covid-19 pandemic hammering global markets. The company on April, 20 confirmed its 2020 production forecast of 1.6m ounces of gold equivalent as management acknowledged...

Created on 21 April 2020.

Eurasian Resources Group supports employees in Kazakhstan with additional prevention measures

As part of its efforts to constrain the pandemic and protect its employees in Kazakhstan, Eurasian Resources Group (ESG) has implemented prevention measures to ensure that employees, contractors and local communities are well-supported and operations are adequately equipped and...

Created on 20 April 2020.

Eurasian Resources Group and Karaganda region provide funding for socially significant projects in the region

Eurasian Resources Group and administration of the Karaganda region concluded a memorandum of mutual cooperation in the implementation of socially significant projects for 2020. The memorandum was signed by ERG First Deputy Chief Executive Officer Aldiyar Kaztayev and Governor...

Created on 04 March 2020.

Kazakhstan seeks gold

In the coming years, they plan to attract about 311 million tenge for the exploration of gold deposits. This was reported in the Ministry of Ecology, Geology and Natural Resources. Prospecting is currently underway in the Karaganda, East Kazakhstan, North Kazakhstan, Akmola, Kyzylorda,...

Created on 28 February 2020.

Polymetal International hits new 1-year high at $1,312.00

Shares of Polymetal International PLC (LON: POLY) hit a new 52-week high during trading on Wednesday. The stock traded as high as GBX 1,312 ($17.26) and last traded at GBX 1,309 ($17.22), with a volume of 189760 shares. The stock had previously closed at GBX 1,266 ($16.65). Several...

Created on 26 February 2020.

KAZ Minerals presents full 2019 year results

The Group's operations in 2019 comprised the Aktogay and Bozshakol open-pit copper mines in the East Region and the Pavlodar region of Kazakhstan, three underground mines in the East Region of Kazakhstan, the Bozymchak copper-gold mine in Kyrgyzstan and their associated concentrators. Revenues...

Created on 24 February 2020.

Qaz Carbon plant in Karaganda creates 1200 jobs

A former Karaganda foundry has been renamed to Qaz Carbon LLP. According to the plant’s management, the new factory has created new 1200 jobs. It is 100% Kazakhstan content. A large-scale modernization of the plant is still underway. Outdated equipment including coke cupola furnaces...

Created on 12 February 2020.

KAZ Minerals: Q4 2019 production report

KAZ Minerals Group production report for twelve months and the fourth quarter ended 31 December 2019. - 2019 copper production1 increased by 6% to 311.4 kt (FY 2018: 294.7 kt) Full-year copper production1 above guidance of c.300 kt, owing to outperformance at Aktogay - Bozshakol...

Created on 31 January 2020.

Polymetal increases gold production in 2019 by 8%, reduces silver by 15%

In 2019, Polymetal International increased gold production by 8% compared to the previous year, to 1.316 million ounces, silver reduced by 15%, to 21.6 million ounces, the company reported. Total production in terms of the gold equivalent for the reporting period increased by...

Created on 30 January 2020.

Tau-Ken Altyn reached its design capacity

Tau-Ken Altyn Refinery reached its design capacity of 25 tons of gold in November 2019. It is planned to refine 27 tons of metal upon 12 months' results, which makes 108% of the plan. According to the Chairman of the Management Board of Tau-Ken Samruk NMC JSC, Kanat Kudaybergen,...

Created on 05 December 2019.

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