The facility to be established in Agri will bring Turkey closer to its annual gold production target of 100 tons

Yilmaz, Chairman of the Gold Miners Association, stated that 42 tons of gold worth $2.4 billion was produced last year, and said, “The gold mining facility, whose foundation was laid in Agri, will make a significant contribution to reaching the annual target of 100 tons.”

Mehmet Yilmaz, Chairman of the Gold Miners Association, told Anadolu Agency (AA). stated that in order to reduce Turkey’s foreign trade deficit, investments that will bring the gold potential to the economy should be evaluated within a “strategic” scope.

Noting that despite the high gold potential, $25 billion was imported last year, Yilmaz said, “When there is a high interest in gold, the money paid for its import increases the foreign trade deficit. We have enterprises and gold refineries that produce gold at international standards. We have a Precious Metals Market, which manages the buying, selling and importing of gold in Borsa Istanbul, and a very strong jewelry sector.”

Pointing out that hundreds of specialists have been trained to carry out jewelry design, craftsmanship and marketing at international standards, Yilmaz said that Turkey is one of the rare countries that successfully complete all production steps from raw material to final product in the gold industry.

Gold mining in Turkey meets international standards

Emphasizing that $2.4 billion contributed to the economy with the 42 tons of gold production carried out last year, Yilmaz noted that 11.5 tons of the produced gold was paid to the state as tax and permit fees.

Recalling that Mustafa Varank, Minister of Industry and Technology, gave the good news that there is 20 tons of gold reserves with a market value of $1.2 billion in Agri at the Koza Gold Enterprises Agri Mollakara Facility Groundbreaking Ceremony, he said, “Gold ranks first in the contribution of mines produced in Turkey to the economy. We have been able to convert 1,500 tons of our 6,500 tons of gold potential into producible gold reserves. The gold mine facility, the foundation of which was laid in Agri, will make a significant contribution to our country’s annual gold production target of 100 tons.”

Noting that gold mining in Turkey is carried out in accordance with European standards, Yilmaz said, “How gold is sought, extracted and separated with cyanide in developed countries such as Canada, USA, Australia, Finland or Sweden is done with the same technology and methods in our country. We have to do the same as sustainable mining is done in developed countries by protecting both the environment and human health.”

Source: AA / Translated by Irem Yildiz

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