Russia is reproducing its gold and silver reserves at a faster pace

Russia's rate of reproduction of gold and silver reserves is outpacing their production. Oleg Kazanov, head of Rosnedra, told about this on January 6.

"For gold and silver, we are also starting to reproduce reserves relative to production. For gold, for example, 542 tons of reserves were increased, for comparison, production in 2024 was 477.6 tons," RIA Novosti quoted him as saying.

At the same time, for silver, this figure amounted to 4.4 thousand tons of reserves with production of 2.4 thousand tons.

Raw material potential: 251 deposits of solid minerals have been discovered in Russia

How has this been achieved and what can it affect?

Igor Rastorguev, a leading analyst at AMarkets, told Izvestia on December 25 that a key factor in platinum's growth was a structural shortage amid limited supply. According to him, the global platinum market has been experiencing a deficit for the third year in a row, which reached 692,000 ounces in 2025, about 9% of annual demand. Global reserves of the metal decreased to 2.5 million ounces, which is equivalent to less than five months of consumption.

Prior to that, on December 23, it became known that the price of gold reached $4,497.55 per ounce, updating the historical maximum and consolidating the growth. Tim Waterer, chief analyst at the KCM Trade platform, noted that the rise in precious metal prices is a consequence of increased tensions between the United States and Venezuela.

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