In 2016 Russia decreased gold ingot output by 7.8% YoY, with December 2016 being the 5th consecutive month when the gold output decreased.
In December 2016 gold output dropped by 4.6% YoY, but increased by 6.2% MoM.
The Gold Manufacturers Union or Russia expects that in 2016 the country will produce 297 tons of gold, up by 1.2% YoY. (Ukrainian metal)