Russian Ministry of Natural Resources: Russia's gold and silver reserves are growing at a higher annual rate than mining output

Golden Ten Data, June 2 – According to Russian news agency Sputnik, Alexander Kozlov, Minister of Natural Resources of Russia, stated in an interview on the eve of the St. Petersburg International Economic Forum that the annual growth rate of Russia's gold and silver reserves exceeds the mining volume. He said: "Every year we can fully ensure that the reproduction level of gold and silver reserves exceeds the mining volume." He added that according to expert assessments, preliminary estimates for gold mining in 2025 are 480-485 tons, and for silver, 2600-2800 tons. In 2026, gold mining is expected to reach 480-500 tons, and silver 2800-3000 tons. The St. Petersburg International Economic Forum will be held from June 3 to 6.