Russia’s gold production increased by 4.2% in the first half of 2026 compared to the same period last year, according to official statistics from Rosstat.
The data indicates that the country’s mining sector continues to expand output despite ongoing geopolitical pressures and international sanctions targeting the broader Russian economy.
2% to trade around $4,080 per ounce, extending a rally that ended two days of declines.
The growth was driven by a strong performance in June, where gold output rose 3.6% year-on-year and 7.4% month-on-month.
This acceleration in the second quarter suggests that domestic mining operations are maintaining or increasing efficiency, contributing to a steady stream of supply from one of the world’s largest gold producers.
The release comes as spot gold prices have climbed 1.2% to trade around $4,080 per ounce, extending a rally that ended two days of declines.
The price movement reflects broader investor sentiment and reactions to Federal Reserve commentary, rather than immediate supply-side shocks from Russia.