61 million tons of gold found in Khorasan, Iran

It has been reported that approximately 61 million tons of gold reserves have been found in one of Iran's largest mines. This was reported by Zamin.uz.

Local media announced this on December 1. This discovery is expected to bring significant benefits to the country's economy.

The news was confirmed by Al Arabiya. The new gold reserve was identified in the private Shadan gold mine in Khorasan province.

This mine could become one of the most important mines in the country. Iran's Ministry of Industry, Mines, and Trade has confirmed this information.

It has been determined that the mine contains 7.95 million tons of oxidized gold and 53.1 million tons of sulfide gold ore. Oxidized gold ore is considered more economically efficient because it is cheaper and easier to extract.

Although Iran has not disclosed the exact amount of its national gold reserves, it has been noted that the country's gold purchases have sharply increased in recent years. According to the ISNA news agency, Iran's Central Bank was one of the top five central banks worldwide in gold purchases during 2023-2024.

The head of the Central Bank, Mohammadreza Farzin, confirmed this information. Central Bank official Yekta Ashrafi emphasized that increasing gold reserves is important for strengthening the country's economy amid international sanctions.

Currently, Iran has 15 gold mines, with the largest being the Zarshouran mine. Additionally, due to the depreciation of the rial and high inflation, many Iranians view gold as a safe investment vehicle.

On December 1, in the unofficial market, the US dollar was sold for about 1.17 million rials, and the euro for 1.36 million rials.