Russia: gold exports up in January-April 2020

According to the Federal Customs Service, in January-April Russia exported 71.9 tons of gold, up 7.9-fold YoY, valued at $3.8 billion. Over 50% of all gold was exported in April – 41.8 tons ($2.2 billion), up 14-fold YoY. In particular, the UK bought 29.6 tons ($1.6 billion), Switzerland – 7.1 tons ($383 million) and Turkey…

Russia: gold output up in January 2020

In January, Russia produced 19.92 tons of gold, up by 13.9% YoY. The share of by-product gold amounted to 1.49 tons, up by 23.1%, and secondary gold – 2.31 tons, up by 2.7%. The rest was extracted gold (16.12 tons). Traditionally, the Far Eastern Federal District provides for over 50% of extracted gold. In January,…

Russia: gold output up in 2019

Russia’s gold output rose by 9.29% YoY, to 343.54 tons in 2019, the Finance Ministry said citing the data on raw materials supplies to the refining plants. Mined gold output rose by 8.22%, to 286.05 tons, and by-product gold output by 23.14%, to 19 tons, while secondary gold production grew by 11.31%, to 38.49 tons.…