Gold production in the Russian Federation fell by 5% over 7 months, in July – by 23%

Gold production in the Russian Federation fell by 5% over 7 months, in July – by 23%

Gold production in Russia fell by 5% in 7 months, in July - by 23%

Gold production in Russia in January-July 2020 amounted to 176.3 tons, the Ministry of Finance said, citing data on the supply of raw materials to Russian refineries.

This is 5% less than in the same period last year.

The production of mined gold increased by 5% to 150.1 tons. At the same time, the output of secondary gold fell by almost half, to 16.41 tons, associated gold – by 10%, to 9.79 tons.

According to estimates, in July, the total production of gold fell in annual terms by 23%, amounting to 38.2 tons.

Silver production in Russia for 7 months decreased by 6%, to 514.42 tons.

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