Russia discovers 2 major silver deposits in Far East-Xinhua

Russia discovers 2 major silver deposits in Far East

Source: Xinhua| 2025-11-29 20:05:30|Editor: huaxia

MOSCOW, Nov. 29 (Xinhua) -- The Russian Federal Agency for Subsoil Use announced on Saturday the discovery of two major silver deposits -- the Ungurskoye deposit in Zabaykalsky Krai and the Kegali deposit in Magadan Oblast.

Their reserves are estimated at 699.6 tons and 70.5 tons, respectively, said the agency.

The Russian company Polymetal plans to launch a development project for the Kegali deposit in 2028, with an estimated investment of 2.5 billion rubles (32.2 million U.S. dollars).

EXPLORE XINHUANET