In January 2024, Russia increased gold production (raw or semi-processed gold, or in powder form) by 7% year-on-year.
Compared to December 2023, the output of the precious metal decreased by 38.1%, according to Rosstat. The agency does not provide specific data on volumes of extraction and production of precious metals.
By the end of 2023, gold output in Russia decreased by 2.5% year-on-year. No data about absolute values of production was given. At the same time, in 2023 47.9 tons of gold (-7%) were produced in the Magadan Region, 23.8 tons (+9%) in the Chukotka Autonomous District, 20.60 tons (-6%) in the Amur Region.
In 2022, the production of the precious metal in Russia reached 330 tons.
Alex Shishlo for Rough&Polished
