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Russia produces 35.24 tons of Gold in Q1-2013

# Russia gold  # Bank Rossii  # Russia gold buying  

Gold extraction grew by 6.34 per cent to 29.33 tons, while gold output from scrap and waste processing rose 5.87 per cent to 2.036 tons.

MOSCOW(BullionStreet): World's fourth largest gold producer, Russia refined 35.235 metric tons of gold in January-March 2013, up 4.37 per cent from a year earlier.

According to Russian Gold Industrialists Union the output also included gold extracted by gold miners and gold from the associated output of non-ferrous metals.

Associated production of gold from non-ferrous metals fell 9.02 percent to 3.868 tons, Union said.

Gold extraction grew by 6.34 per cent to 29.33 tons, while gold output from scrap and waste processing rose 5.87 per cent to 2.036 tons.

“In the first quarter of 2013, gold in all gold-mining regions was mainly produced from gold ore deposits,” the union said.

The growth in first quarter gold output was achieved by gold mining companies in Krasnoyarsk Territory in East Siberia, Khabarovsk Territory and the Magadan Region in the Russian Far East, the Republic of Khakassia in south-central Siberia, the Sverdlovsk and Chelyabinsk Regions in the Urals.

Russia’s gold production in 2012 grew by 6.8 per cent year-on-year to 225.846 tons, including 199.801 tons of gold from subsoil extraction (up 6.9 per cent), 17.513 tons of associated gold production (up 5 per cent) and 8.532 tons of secondary gold output (up 7.9 per cent).

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