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Siberian Gold Deposit Has World’s Largest Reserves

  • Audit shows Sukhoi Log holds 40 million ounces of reserves
  • Russian miner plans to start main spending on deposit in 2023
The Polyus Sukhoi Log gold deposit in Siberia, Russia.

The Polyus Sukhoi Log gold deposit in Siberia, Russia.

Source: Polyus PJSC
Updated on

Polyus PJSC, Russia’s largest gold producer, said its untapped Sukhoi Log deposit in Siberia holds the world’s biggest reserves.

An audit showed Sukhoi Log has 40 million ounces of proven reserves as measured by international JORC standards, with an average gold content of 2.3 grams per ton, Chief Executive Officer Pavel Grachev said. That means the field -- accounting for more than a quarter of Russian gold reserves -- is bigger than Seabridge Gold Inc.’s KSM Project in Canada and Donlin Gold in Alaska.