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March 31, 2025Iran’s largest gold mine reports slight increase in output
A statement posted by the Zarshouran Gold Mine on Iran’s stock market’s website showed that the mine’s annual production had increased by 0.023 metric tons (mt) to 0.963 mt in the calendar year to March 19, 2024. The mine said it had spent 4.31 million rials ($7 on average annual prices) on the production of each gram of gold in the year to late March 2024.
Zarshouran is located in Iran’s West Azerbaijan province and is owned by state-run metals and mining company IMIDRO. The mine said in November last year that its proven gold ore deposits had increased from 27 million mt to 43 million mt.
However, a similar statement by Mouteh Gold Mine, Iran’s second-largest gold mine located in the central province of Isfahan, showed its production had declined by 0.19 mt to 0.246 mt in the year to late March 2024.
