Kolyma is in the TOP-3 gold miners in Russia, occupying the first position in alluvial gold and silver.
The Magadan region also has considerable deposits of copper, tungsten, tin, molybdenum and other mineral resources.
In 2016 the region yielded 27.9 tons of gold and 889.2 tons of silver, alluvial gold mining hit another record – 15.9 tons.
The leader of the local alluvial gold mining Susumanzoloto yielded 4.5 tons of gold. This year the company has already produced 50 kg of gold.
In 2017 the region plans to mine 30.5 tons of gold. (Ukrainian metal)