Iran announces a major discovery of gold deposits in one of its largest mines
Announced Iran Discover Large gold deposits in one of the country’s largest mines, local media reported on Monday.
The new mineral vein structure was discovered in the Shadan mine For gold owned by the private sector in the southern Khorasan province in the east of the country, which Fars News Agency described as "Among the most important in the country"
The agency stated that the Ministry of Industry, Mines and Trade officially verified the new reserves.
The discovery of a large gold vein
The report stated that "Proven reserves at the Shadan gold mine in the east of the country have seen a significant increase after the discovery of a large gold vein"
He added that the race includes about "7.95 million tons of gold oxide ore and 53.1 million tons of sulfur gold ore". Mining the former is much easier and less expensive.
Iran has not officially revealed the amount of its gold reserves, but it indicates that it has increased purchases significantly in recent years.
The Governor of the Central Bank of Iran, Mohammad Reza Farzin, stated that the bank was among the top five central banks in the world with regard to purchasing gold during the years 2023-2024, according to the agency. "Esna"
Local media also quoted Central Bank official Yekta Ashrafi as saying that strengthening gold reserves will contribute to supporting the country’s economy, which is suffering under the weight of harsh international sanctions.
Iran includes 15 gold mines, the largest of which is the Zarshoran mine in the northwest of the country.
Sanctions are putting pressure on the Iranian economy
The Iranian economy is suffering as a result of the tightened sanctions. After the United States and Western capitals accused Iran of seeking to use its nuclear program for weapons purposes, an accusation that Tehran insists on denying.
The country’s economy has been exposed to more pressure since the 12-day war sparked by Israel’s unprecedented attack on Iran, which the United States joined for a short period and struck Iranian nuclear facilities.
Gold is a relatively safe haven for many Iranians whose purchasing power is declining due to high inflation rates, and the price of gold has fallen. The riyal against the dollar.
On Monday, the US dollar reached about 1.17 million riyals on the black market, while the euro reached about 1.36 million riyals, according to two exchange rate tracking sites. "Bonbast" and"Alanchand".
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