RG Gold, Kazakhstan’s second-largest gold producer, has posted a dramatic 75% year-on-year profit increase to 80.5 billion tenge ($172 million) for 2024, capitalizing on sustained high bullion prices and operational efficiencies.
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This week alone, three other major prospective gold deposits have also been auctioned. The Temirchi site in Navoi region fetched 67.78 billion soums, while the Terekli site near Almalyk surged almost 20-fold to 81.8 billion soums.
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Strickland Metals reports a major gold discovery at Serbia’s Kotlovi prospect, with promising results fueling hopes for massive resource expansion.
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