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Minister reveals state of Russia’s gold reserves

December 28, 2016, 17:07 UTC+3 MOSCOW
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MOSCOW, December 28. /TASS/. Russian gold reserves increment will be 1,194 tonnes as of 2016 year-end against 293 tonnes produced, Minister of Natural Resources Sergei Donskoi said on Wednesday.

"Gold [increment] is 1,194 tonnes against 293 tonnes mined, much greater than mining volume. Silver [increment] is 5,818 tonnes versus produced 2,440 tonnes. This is actually twice higher than the reserves increment against production," Donskoi said.

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