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Kazakh company talks ways to increase gold production

Business Materials 29 June 2018 21:07 (UTC +04:00)

Baku, Azerbaijan, June 29

By Leman Zeynalova - Trend:

Gold production will continue to grow in Kazakhstan, General Director of RG Gold LLP Serik Syzdykov said.

He noted that Kazakhstan produced 85 tons of gold in 2017.

"The increase in volumes can be expected due to the involvement in mining of refractory gold deposits, such as Bakyrchik and Bolshevik, and deposits with a low content of gold, and discovery of new deposits. It is difficult to predict the volume, but I think that Kazakhstan will continue to increase gold production," Syzdykov said in an interview with Kapital.kz.

Further, speaking about the forecasts on the cost of gold in the short term, Syzdykov noted that now the price of gold is about $1,300 per ounce, with minor fluctuations.

"In my opinion, the price will not go beyond this range by the end of the year, and the price will grow in the long term," he said.

RG Gold LLP is a Kazakh gold mining and production company operating in Burabay, Akmola, and possessing the right of subsoil use in the North and South Raygorodok and Novodneprovskoe deposits.

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