Friday, 22nd April 2005 (3361 views)

Experts have predicted that gold production in Russia is to increase this year.

According to latest forecasts, Russian gold production will rise from 180.5 tonnes in 2004 to 183 tonnes.

The Gold Manufacturers Union revealed that the Krasnoyarsk region is still the leader in gold mining in Russia, Neftegaz reports.

The are produced 5760.2 kg of gold during January to March this year, an increase of 452.1 kg.

However, first quarter gold production results overall were down compared to last year, reducing by 10.65 per cent.

Experts are confident that the decline is only temporary though and are still forecasting positive production for the year as a whole.

 

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