Economy, Domestic Economy

Gold Mine Starts Operation

Gold Mine Starts OperationGold Mine Starts Operation

Zarshooran Gold Mine Complex has produced its first sample of gold ingot, said the mine supervisor Reza Alvan to Eghtesad News. The gold mine, which is set to be officially inaugurated next week, holds 110 tons of proven gold reserves. Officials say more exploration could probably add to the proven reserves. During the first phase, 10 kilograms of gold will be extracted per day, while the figure is to double during the second phase. Zarshooran is Iran’s biggest gold mine and is located in the northwest of the country, 35 kilometers from the town of Takab. The mine is estimated to have a lifespan of 20-years based on its current proven reserves.