2/4/2011

“Turkey’s annual gold production can top 100 tons”

Hurriyet Daily News - Turkey has the potential to produce 100 tons of gold annually, an executive of a leading mining firm told Anatolia news agency. The annual gold production in Turkey today stands at around 15 tons, according to Mehmet Yılmaz, Manager of local TÜPRAG Metals Mining. The location of some 800 tons of gold is mapped and investments in this sector can up the country’s production to the level of 100 tons per year, he said.

“Gold is known as a safe haven among investment tools,” said Yılmaz. “Thus we think that the interest in gold will increase day by day. This will positively contribute to gold production in our country.”

According to a rough estimation, the total gold reserves in Turkey are 7,000 tons, Yılmaz said.
turkey; gold production; gold mining; tuprag; mehmet yilmaz; turkey gold reserve