Gold mining of subsoil users in Chukotka down 8%, silver mining drops 45% in Jan-April

VLADIVOSTOK. May 22 (Interfax) - Gold mining in the Chukotka Autonomous District amounted to 6.5 tonnes and silver mining stood at 23.5 tonnes in January-April 2026, the regional authorities' press service said.

It was previously reported that 7.1 tonnes of gold and 42.6 tonnes of silver were mined in Chukotka in 4M 2025. Gold mining has therefore decreased 8% and silver mining has declined 44.8% this year.

"The precious metals mining industry in Chukotka is stable. We will see the real picture only at the end of the year. Data for four months provide an understanding of the current stage of work. Somewhere at enterprises, mining may be higher; somewhere it might be lower, but as experience from previous years shows, indicators may be comparable to last year's or exceed them," the acting head of the industrial policy department of the Chukotka Autonomous District's authorities, Oleg Ryabko, was quoted as saying.

Hard rock gold mining in Chukotka is carried out by six enterprises: Rudnik Valunisty LLC, JSC Chukotka Mining and Geological Company (CMGC), Kanchalano-Amguem LLC, JSC Base Metals (all owned by Vladislav Sviblov's Areal), as well as JSC Polymetal's LLC Mayskoye Gold Company and Rudnik Karalveem LLC which is run by the Levaev family's Gold Projects Management Company.

The enterprises of Areal collectively mined 4.6 tonnes of gold, which accounts for 70% of all mining in the district in January-April this year, the press service said. Mayskoye produced 1.47 tonnes and Rudnik Karalveem produced 493 kg.

In 2025, gold mining in Chukotka remained at the previous year's level and amounted to 24.5 tonnes. Silver mining amounted to 113 tonnes, down 18.4%.