Precious Metals Mining in Turkey to 2020 – a Focus on the Gold Industry

Date: 2015-09

Turkey leads in European gold production and is likely to be a prominent future global gold producer. In 2013, according to the Turkish Gold Miners Association (TGMA), the country accounted for approximately 1.2% of global gold mine production, or 1.2 million ounces – an increase of 13.2% over the previous year – although the country has to scale up to 1.8 million ounces (50 tonnes) by 2015 in order to be among the world’s top 15 gold producers. Turkish gold mine production is forecast to grow at a compound annual growth rate (CAGR) of 9.5% over the forecast period (2014–2020), to reach 2.1 million ounces in 2020.

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