Iran’s largest gold mine reports major increase in proven reserves

Iran's largest gold mine and a cornerstone of its mining industry has announced a significant boost in proven reserves, signalling promising prospects for increased production and economic growth in northwestern Iran. This is reported by Tehran Times, a partner of TV BRICS.

The source claims that recent exploration activities have raised the mine’s proven gold ore reserves from 27 million metric tonnes (mt) to 43 million mt.

This expansion elevates the mine’s extractable gold resources to 116 mt, effectively extending its operational lifespan from 25 years to 65 years.

The increase in reserves is expected to attract substantial investment and generate more employment opportunities in Iran's West Azarbaijan province and surrounding areas.

According to the source, Iran's facility produces over 100 kilograms of gold monthly, amounting to more than one metric tonne annually.

Photo: iStock