According to GlobalData, Russia is the world’s third-largest producer of gold in 2022, with output down by 11.57% on 2021. Over the five years to 2021, production from Russia increased by a CAGR of 4% and is expected to rise by a CAGR of 4% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Gold Mining to 2026 report. Buy the report here.
Russia accounts for 8% of global production, with the largest producers being China, Australia, Canada and the US.
Leading producers of gold in Russia are Polyus, Polymetal International, Petropavlovsk, Kinross Gold, GV Gold and Zijin Mining Group. During 2020-2021, Polyus's output was down by 2%, Polymetal International's output increased by 1%, while output from Petropavlovsk increased by 1%.
For more detailed analysis of global gold mining, buy the report here.
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