Gold discovery in Turkey!!

Posted On: 28 December, 2020 In Blog

A gold deposit of an estimated 3.5 million ounces has been discovered in Turkey. It has been reported by the Anadolu state news agency that the 99 tonne of gold has been valued at a whopping $6 billion.  

The gold was discovered in the midwestern town of Sogut and was reported by head of the Agricultural Credit Cooperatives of Turkey and Gubretas fertilizer production firm Fahrettin Poyraz.

Poyraz reported to Anadolu "We are talking about a value close to six billion dollars," and also stated that "Within two years, we will extract the first gold and bring value to the Turkish economy."

Gubretas fertilizer production firm took control of the site from another company back in 2019, which was a court decision.

Faith Donmez, Minister of Energy and Natural Resources stated that in September 2019 Turkey broke the record for producing 38 tonnes of gold and that over the course of the next five years they are hoping to reach an annual 100 tonnes of gold.

Source: Hurriyet Daily News

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