In January-August, gold production in Russia decreased by 7.6%, silver – by 6.3%

In January-August, gold production in Russia decreased by 7.6%, silver – by 6.3%

In January-August, gold production in the Russian Federation decreased by 7.6%, silver - by 6.3%

Gold production in Russia in January-August 2020 decreased by 7.6% and amounted to 214.59 tons compared to 232.16 tons in January-August last year, the Ministry of Finance said, citing data on the supply of raw materials to Russian refineries.

The production of mined gold increased by 3% to 184.15 tons. At the same time, the production of secondary gold fell by half, to 19.13 tons, associated – by 11%, to 11.31 tons.

According to estimates, in August, the total gold production fell by 19% compared to August 2019, amounting to 38.29 tons. At the same time, not only re-processing and associated mining decreased, but also the production of mined gold – it sank by 4%, to 34.05 tons.

Silver production in Russia in January-August fell by 6.3% to 594.99 tons. The production of mined silver decreased by 7.3% to 284.89 tons. Secondary silver output fell 16.3% to 89.18 tons. Associated silver production remained almost unchanged and amounted to 220.92 tons.

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