According to GlobalData, Russia is the world’s third-largest producer of gold, with output of 9,766koz in 2022, down by 11.57% on 2021. Over the five years to 2021, production from Russia increased by a CAGR of 0.09% and is expected to rise by a CAGR of 0.83% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its report. Buy the report here.
Russia accounts for 8% of global production, with the other largest producers being China (11%), Australia (10%), Canada (7%) and the US (6%).
Leading producers of gold in Russia are Polyus, Polymetal International, Petropavlovsk, Kinross Gold, GV Gold and Zijin Mining Group. Polyus's output was 2,717koz in 2021, down by 2% on 2020. Polymetal International produced 963.08koz, an increase of 1%, and output from Petropavlovsk was 390.30koz, an increase of 1% on the previous year.
For more detailed analysis of gold in Russia, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Commodity Analyzer tracks production, consumption, imports and exports of 17 key commodities across 60 countries, whilst its Mines & Projects Database tracks over 30,000 mines and projects with 200+ data fields for each, including production, operating costs, equipment and key mine-site contacts.
