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Gold reserves in Russia increased by 5% in 2024

31.01.2025
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According to the State Commission for Mineral Reserves (GKZ), in 2024, Russia’s gold reserves increased by 5% and reached 900 tons. At the same time, there is an increase in silver reserves by 2% (up to 2.8 thousand tons) and an increase in diamonds by 3.2 million carats.

Experts note that new and expanded deposits have made a significant contribution to the increase in gold reserves. Among the most important discoveries are the “Drevny” deposit in the Magadan region, as well as the pre-explored “Gross” deposits in Yakutia and the Veduginskoye deposit in the Krasnoyarsk Territory. Together, they provided an increase in gold by more than 421 tons. According to GKZ specialists, these discoveries will not only strengthen the country’s raw material base, but will also contribute to the development of the regional economy.

Russia has traditionally been one of the world leaders in gold mining. In 2022, the country produced 330 tons of precious metal, in 2023 – 321.8 tons. According to preliminary estimates, in 2024 the production volume was about 328 tons. Experts predict that further development of deposits and technological improvements in the industry will allow maintaining positive dynamics in the coming years.

The growth of gold reserves in Russia confirms the sustainability of the mining industry and its strategic importance for the country’s economy. New deposits and successful exploration of reserves provide prospects for further increasing production and strengthening Russia’s position in the global precious metals market.

Source: nedradv.ru.

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Lyubov Cherkasova
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