Russia's Gold Reserve Increase in Q1 2026 Halves Year-on-Year to 71.4 Tons
2026-06-06 13:56
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en.Wedoany.com Reported - June 5, 2026, NEDRADV News. According to data from the Russian Federal Agency for Mineral Resources (Rosnedra), cited by the "Bulletin of the Gold Industry" («Вестник Золотопромышленника»), the increase in Russia's balance sheet gold reserves in the first quarter of 2026 fell by 50% year-on-year to 71.4 tons, compared to 154.6 tons added by subsoil users in the same period last year.

The quarterly increase in precious metal reserves came primarily from three sources: the Kutynskaya Geological Exploration Company (Кутынская ГГК, part of Polymetal JSC (АО «Полиметалл»)) contributed 31.4 tons of gold from the Kutenskoye deposit in the Khabarovsk Territory; the North-Eastern Geological Exploration Company (Северо-Восточная ГГК) added 26.7 tons of gold from the Tereveyemskoye deposit in the Chukotka Autonomous Okrug; and Svyatogor JSC (АО «Святогор») recorded an increase of 11.6 tons of gold from the Volkovskoye vanadium-iron-copper deposit.

Regarding other mineral data for the same period, silver reserves increased by 473.7 tons (compared to 1,345 tons in the same period last year), and copper increased by 321,600 tons (compared to 2.228 million tons last year). Additionally, the state balance sheet added 98.5 million carats of diamonds, 12.1 tons of platinum group metals, 92 tons of tellurium, 896 tons of selenium, and 131.9 million tons of iron ore.

Looking back at the full year of 2025, the state balance sheet registered 317 solid mineral and oil and gas deposits, with gold reserves increasing by 614 tons, copper by 3 million tons, and iron ore by 984.2 million tons.

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