Gold production in Russia is projected to reach a peak by 2030, based on findings from a major industry assessment conducted by the Central Scientific Research Geological Research Institute of Non-Ferrous and Precious Metals, part of Rosnedra, and reported in the vedomosti publication.
The report lays out multiple scenario paths to guide output expectations. In one scenario, development hinges on fully utilizing known, developed deposits. If this path is pursued, annual gold production could approach 600 tons by 2030. A second scenario expands the forecast by factoring in additional resources that might be brought into industrial development, potentially lifting annual production beyond 700 tons.
On November 23, Russia introduced quotas on scrap exports. The Ministry of Economic Development stated that the in-quota export limit remains at 600 thousand tons and the in-quota tax rate is 5 percent, with a minimum duty not less than 15 euros per ton. Officials noted that maintaining these measures helps stabilize prices and ensures metallurgical plants receive strategic raw materials for domestic use. This policy stance aligns with a broader effort to balance export activity with domestic industrial needs and to support long-term supply security for key sectors.
The discussion surrounding gold and precious metals in Russia continues to reflect the interplay between resource endowments, policy controls, and industrial demand. Analysts emphasize that the outlook will depend on several factors, including the rate of development of remaining reserves, the pace of investment in mining and refining infrastructure, and global market conditions for gold. The role of state oversight in coordinating development plans with market incentives remains a central theme for industry participants and policymakers alike, as illustrated by the current production projections and export quota framework. The aim is to ensure a steady, predictable supply of precious metals for strategic industries while maintaining competitive domestic prices for key processes and products. The ongoing assessment of resource potential and regulatory measures continues to inform investment decisions and strategic planning across Russia’s mining and metallurgy sectors. (Citation: Central Scientific Research Institute of Rosnedra, TSNIGRI)
In this context, stakeholders—from mining executives to policy analysts—are watching how the balance between exploration success, project execution, and export controls will shape gold output in the coming years. The interplay of developed deposits, anticipated resource additions, and governance measures will determine whether Russia sustains a robust gold production trajectory through the 2020s and into the next decade. As the industry evolves, annual figures are likely to reflect both the technical potential of mineral resources and the strategic choices underlying access to domestic and international markets. (Citation: Rosnedra, TSNIGRI)
Historically, scrap material and in-situ gold resources have remained central to Russia’s metallurgical strategy. With policy instruments aimed at stabilizing prices, ensuring domestic supply, and guiding investment, the sector seeks to maintain resilience against external shocks and currency fluctuations. The latest projections emphasize the importance of disciplined development planning—matching resource potential with infrastructure readiness and market timing—to realize the full potential of Russia’s gold base while safeguarding the country’s industrial base. (Citation: Rosnedra, TSNIGRI)