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Russia to produce around 500 tons of gold in 2026

Russian Natural Resources Minister Alexander Kozlov said the country expects to produce 480-500 tons of gold and 2,800-3,000 tons of silver this year, according to TASS. He also outlined Russia's rare earth reserves, ranking the country seventh globally, and highlighted its capacity to meet domestic and export demand.

By Tertius News AI Desk 1 outlet · 2 articles Version 1 Coverage Jun 2–4, 2026 Published Aug 14

Lead

Russia is projected to increase its gold production to 480-500 tons this year, according to Russian Natural Resources Minister Alexander Kozlov, speaking ahead of the St. Petersburg International Economic Forum (SPIEF). In an interview with TASS, Kozlov also said silver production is expected to reach 2,800-3,000 tons, with platinum group metals output forecast at 134-137 tons.

The minister's remarks, carried by TASS on June 2, point to a roughly 3% increase in gold production compared with expert estimates for 2025, when output was projected at 480-485 tons. Silver production could rise by about 7% from an estimated 2,600-2,800 tons last year, while platinum group metals output could edge up by 0.75% from an estimated 134-136 tons in 2025. Kozlov noted that precise data for 2025 were still being calculated.

Coverage comparison

Both reports come from TASS, the Russian state news agency. The first article focused on the production forecasts for precious metals, quoting Kozlov's interview ahead of the forum. The second report, filed from St. Petersburg on June 4, centered on the minister's comments about Russia's rare earth reserves and production capacity, delivered during the forum itself.

Key claims

Gold production is expected to reach 480-500 tons in 2026, up from an estimated 480-485 tons in 2025, representing a potential increase of about 3%.
Silver production is forecast at 2,800-3,000 tons this year, up from an estimated 2,600-2,800 tons, a possible rise of about 7%.
Platinum group metals production is projected at 134-137 tons, compared with an estimated 134-136 tons in 2025, an increase of about 0.75%.
Russia ranks seventh globally in rare earth metal reserves, with reserves totaling 28.4 million tons, according to Kozlov.
Annual rare earth production in Russia stands at 2,200 tons, while domestic consumption is 1,100 tons and global consumption is 226,000 tons, the minister said.
Kozlov said Russia's raw materials base can meet any level of demand, both domestically and for export to global markets.
The 29th St. Petersburg International Economic Forum was held June 3-6 under the theme "Pragmatic Dialogue: The Path to a Stable Future." Saudi Arabia was the guest country, and the forum was organized by the Roscongress Foundation.

Perspectives

Russian government official

Natural Resources Minister Alexander Kozlov presented an optimistic outlook on Russia's mineral resources, highlighting both steady growth in precious metals production and the sufficiency of rare earth reserves to satisfy domestic and export demand. His comments, made at the SPIEF forum, underscore the government's emphasis on economic development and resource self-sufficiency.

How this outlet told it

TASS — English as of Jun 2, 2026, 7:31 AM UTC

Framing: Russia's increased precious metal production — Informative and neutral

Facts Included:

Russia will increase gold production to 480-500 tons this year
Russia will increase silver production to 2,800-3,000 tons this year
Gold production could increase by about 3%
Silver production could increase by 7%
Platinum group metals production could increase by 0.75%
The St. Petersburg International Economic Forum will take place on June 3-6

Read the source article →

TASS — English as of Jun 4, 2026, 12:00 PM UTC

Framing: Russia's rare earth metal reserves and production — Informative and neutral

Facts Included:

Russia ranks seventh in the world in terms of rare earth metal reserves
Russia's rare earth raw materials base is capable of meeting any level of demand
Russia's reserves amount to 28.4 mln tons
Annual production in Russia stands at 2,200 tons
The 29th St. Petersburg International Economic Forum is taking place on June 3-6

Read the source article →

What was claimed, and who backed it

Each row is one claim, attributed to the outlet whose wording states it most clearly. Confidence rates how directly the source text states the claim — explicit and unhedged rates high; hedged, pieced-together, or internally inconsistent statements rate lower. It does not measure whether the claim is true. Status counts the distinct outlets we found asserting it — so a single-source claim can still show high confidence, and a multi-source claim can show medium. Every one of those outlets is named beside the status, so you can check the count against the list. For claims extracted before we began storing that list, the row says so: it names the outlet the claim is quoted from and states that we have not recorded which outlets backed it. Outlets wrote at different times, so a figure that evolves — a casualty count, for example — can legitimately differ between rows; check the "as of" time next to each claim's source.

Claim	Confidence	Status
ClaimRussia will increase gold production to 480-500 tons this year. Gold production could increase by about 3%.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 2, 2026, 7:31 AM UTC
ClaimRussia will increase silver production to 2,800-3,000 tons this year. Silver production could increase by 7%.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 2, 2026, 7:31 AM UTC
ClaimPlatinum group metals production could increase by 0.75% this year.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 2, 2026, 7:31 AM UTC
ClaimRussia ranks seventh in the world in terms of rare earth metal reserves.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 4, 2026, 12:00 PM UTC
ClaimRussia's rare earth raw materials base is capable of meeting any level of demand both from domestic consumers and for export supplies to global markets.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 4, 2026, 12:00 PM UTC
ClaimRussia's reserves amount to 28.4 mln tons.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 4, 2026, 12:00 PM UTC
ClaimAnnual production in Russia stands at 2,200 tons.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 4, 2026, 12:00 PM UTC
ClaimThe St. Petersburg International Economic Forum will take place on June 3-6.	ConfidenceHigh	StatusSingle-source via TASS — English as of Jun 2, 2026, 7:31 AM UTC

Transparency & Audit Trail

1 outlet · 2 articles consulted: TASS — English 8 claims extracted Version 1 Written 2026-08-14