Russian gold production up 29%

Russian gold production (including gold concentrates) increased by 29.2% year-on-year to hit 86.671 tonnes in the first five months of 2014, according to Gold Producers Union Chairman Sergei Kashuba. Gold bar production from mined gold increased 21% to 65.02 tonnes, gold bar output from by-product gold 0.7% to 7 tonnes and the production of scrap gold more than doubled from 5.118 tonnes to 11.836 tonnes. ITAR-TASS