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Russia
Russia comes a rough third with 245.0 metric tons and a recorded increase of 9% in production. Russia possesses 1/6th of the entire land mass of the world and due to its large surface area would obviously account for considerably large amounts of gold deposits under its soil. The largest producer within Russia is Polyus, which operates the Olympiada mine, the single biggest producer of gold in Russia. With more than 5000 tons of unmined reserves, along the far eastern reaches of Siberia and beyond, Russia also happens to be one of the biggest market for gold consumerism in the world and along with increasing its production it has also been steadily importing gold to support the rise in internal consumption.
