Krastsvetmet boosted its refined gold production to 198 tonnes in 2024, marking a 9.4% increase compared to the previous year, according to recently published data. Despite the rise in output, the company’s dominance in the Russian gold refining sector slipped, with its market share dropping by 1 percentage point to 55%.
The decline in market share comes amid broader growth in Russia’s refined gold output, which reached 360 tonnes in total for the year. The figures indicate that while Krastsvetmet remains the country’s leading refiner, competitors are gradually expanding their footprint in the sector.
