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.