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Russia Discovers Massive Silver Deposits in Far East Amid Mining Boom

Russia has made a significant mineral discovery with two major silver deposits found in its Far East regions. The Ungurskoye deposit in Zabaykalsky Krai contains 699.6 tonnes of silver, while the Kegali deposit in Magadan Oblast holds 70.5 tonnes. Russian mining company Polymetal plans to invest $32.2 million to develop the Kegali deposit starting in 2028. This discovery comes amid a broader mining boom in Russia, with over 200 new solid mineral deposits registered so far in 2025.

Key Points: Russia Discovers Two Major Silver Deposits in Far East

  • Two major silver deposits discovered in Zabaykalsky Krai and Magadan Oblast
  • Polymetal plans $32.2 million development project starting in 2028
  • Russia has registered over 200 new mineral deposits in 2025 alone
  • Magadan region contains Russia's largest known gold reserves and multiple minerals
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Russia discovers two major silver deposits in Far East

Russia announces discovery of two major silver deposits totaling 770 tonnes in Far East regions, with Polymetal planning $32.2 million development project starting 2028.

"Their reserves are estimated at 699.6 tonnes and 70.5 tonnes, respectively - Russian Federal Agency for Subsoil Use"

Moscow, Nov 29

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 tonnes and 70.5 tonnes, 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 US dollars), Xinhua news agency reported.

Russia has registered more than 200 newly discovered solid mineral deposits since the beginning of 2025, TASS news agency reported on Friday.

The Federal Agency for Subsoil Use (Rosnedra) told TASS that, on average, around 200 new solid mineral deposits are discovered each year by the country and mineral developers. This year has followed the same pattern, with over 200 deposits already discovered and added to the national reserves registry.

Rosnedra highlighted several major discoveries in 2025, including the Ivanikhinskoye and Tselinnoye deposits of potassium-magnesium salts in the Saratov Region with estimated reserves of 1 billion tonne and two billion tonnes, respectively. Another significant find was the Zhidoiskoye deposit in the Irkutsk Region, containing millions of tonnes of titanium, phosphorus and iron ore.

Rosnedra also noted a deposit in the Trans-Baikal Territory with estimated reserves of 699.6 tonnes of silver, and a deposit in the Magadan Region containing 70.5 tonnes of silver, according to TASS.

The Magadan Oblast region is located in the northeastern part of Russia and is washed by the Sea of Okhotsk. The area is marked by the Kolyma Highland in the east and the offset of the Chersky Range (up to 2,586m high) in the center, as well as vast lowlands in the southeast.

The region - bordering on the Republic of Sakha (Yakutia), the Kamchatka and Khabarovsk territories, and the Chukotka Autonomous Area - has the largest known reserves of gold in Russia. Extractable resources are produced at developed deposits of gold, silver, ferrous and non-ferrous metals, lignite, copper, molybdenum, basalt, limestone as well as cladding stones.

- IANS

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Reader Comments

R
Rohit P
Russia finding so many mineral deposits while we struggle with our mining sector. Our government should take notes - proper geological surveys and investment in mining technology can really boost our economy! 🇮🇳
S
Sarah B
The environmental impact of such large-scale mining concerns me. Russia should ensure sustainable practices, especially in sensitive regions like Magadan. We've seen how mining can damage ecosystems in India too.
A
Arjun K
Russia's mineral wealth is impressive! 200+ deposits discovered this year alone. Meanwhile in India, we have so much untapped potential in states like Rajasthan and Jharkhand. Hope our mining policies improve soon! 💎
V
Vikram M
Good for Russia, but I hope they share the benefits with local communities. In many Indian mining areas, local people don't get proper compensation or jobs. Development should be inclusive! 🙏
D
David E
With global silver demand rising for renewable energy tech, this discovery comes at the right time. India should also focus on strategic mineral exploration to reduce import dependence. Smart move by Russia!

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