According to GlobalData, Russia is the world’s second-largest producer of gold in 2023, with output up by 6% on 2022. Over the five years to 2022, production from Russia increased by a CAGR of 2% and is expected to rise by a CAGR of 2% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Gold Mining to 2030 report. Buy the report here.
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Russia accounts for 10% of global production, with the largest producers being China, Russia, Australia and Canada.
Leading producers of gold in Russia are Polyus, Polymetal International, Kinross Gold and Zijin Mining Group. During 2020-2021, Polyus's output was down by 6%, Polymetal International's output increased by 2%, while output from Kinross Gold decreased by 4%.
For more detailed analysis of global gold mining, buy the report here.
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