Turkiye Could Produce 50 Tonnes of Gold Annually as Mining Projects Advance
9 Articles
9 Articles
Mehmet Yılmaz, President of the Turkish Miners Association (TMD), stated that Türkiye has the capacity to produce 50 tons of gold per year with its existing fields.
Our southern neighbor Turkey is making a lion's leap. It is currently redrawing the map of the gold industry in the region. With the existing and new mining projects being prepared, Turkey has a real capacity to reach an annual output of an impressive 50 tons of gold. This was announced by the chairman of the Turkish Miners' Association (TMD), Mehmet Yılmaz, quoted by the leading Turkish media Hurriyet Daily News, Anadolu Agency and TRT Haber. N…
The historic rise in gold prices has also changed Türkiye's underground reserve calculations, which it has been using as a reference since the 1990s. While a new figure has been put forward for the 6,500-ton estimate that has been discussed for years, the capacity of fields awaiting production has also attracted attention.
Turkiye Could Produce 50 Tonnes of Gold Annually as Mining Projects Advance
Türkiye has the capacity to produce 50 tons of gold per year from its existing and planned mining projects, according to Mehmet Yılmaz, chairman of the Turkish Miners Association (TMD). Yılmaz said Türkiye’s gold potential should be reassessed through an updated geological model. He noted that a study conducted in the early 1990s estimated the …
The historic rise in the price of gold per ounce has changed investors' profit calculations, while also reopening the debate on the long-standing, 1990s-era estimate of Türkiye's underground gold potential. According to Mehmet Yılmaz, President of the Turkish Miners Association, the old model no longer reflects today's conditions. Moreover, the figures given for fields awaiting production are remarkably high.
Mehmet Yılmaz, President of the Turkish Miners Association (TMD), stated that Türkiye has the capacity to produce 50 tons of gold per year with its existing fields.
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