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Russia says it mined more gold than China
By Cecilia Jamasmie
Mining.com, Toronto
Wednesday, June 3, 2026
Russia says it could produce as much as 500 tonnes of mined gold this year, a figure that would make it the largest producer and far exceed estimates from independent industry observers.
Natural Resources Minister Alexander Kozlov told state-run news agency Tass that Russia would mine between 480 and 500 tonnes of gold in 2025 and that output last year may also have been about 480 tonnes.
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The figures surprised industry analysts and executives because Russia has not released official gold production data since its 2022 invasion of Ukraine. The estimate is roughly 50% higher than the World Gold Council's assessment of Russia's 2024 mine output and comes despite the absence of major new mines entering production in recent years.
The council estimated that Russia mined about 330 tonnes of gold in 2024, second only to China's 380 tonnes. Independent consultancy Metals Focus estimated Russian mine production at 345 tonnes last year, while Russian magazine Gold and Technologies estimated total output at about 360 tonnes. ...
... For the remainder of the report:
https://www.mining.com/russia-says-it-mined-enough-gold-to-beat-china/
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