Ukraine has 50 tons of gold: why is it not mined on an industrial scale.

Gold mining in Ukraine is not a new phenomenon. Even during Soviet times, several deposits were discovered, but only one was thoroughly studied - the Muzhiyevo deposit in Transcarpathia. After gaining independence, the state estimated gold reserves at 50 tons and began the process of industrial mining.

Specialists from Kryvyi Rih tried their method for gold extraction, but it turned out that the ratio of iron to gold in the deposits was unprofitable. This led to a small amount of residual metal that could be extracted. Therefore, most gold deposits remain undeveloped, and private investors take them into ownership.

Gold extraction is a complex and expensive process that requires significant investments and technological knowledge. Various approaches to financing extraction are common worldwide, but in Ukraine, the main emphasis is placed on state exploration and the sale of licenses to companies.