Putin on cloud nine as Russia discovers more than 3 billion tons of silver and potassium-magnesium deposits

New Delhi: The Russian Federal Agency for Subsoil Use (RFS) announced the discovery of two large silver deposits on Saturday, 29 November 2025. The Nagurskoye deposit is located in Zabaykalsky Krai (Siberia), and Kegali, located in Magadan Oblast. According to the agency, silver reserves in one are estimated at 699.6 tons and in the other at 70.5 tons.

More than 200 solid mineral deposits discovered in Russia

Xinhua News Agency reported that the Russian company Polymetal/Solidcore Resources plans to launch a project for the Kegali deposit in 2028, with an investment of approximately 2.5 billion rubles (US$32.2 million). TASS News Agency reported on Friday, November 28, that Russia has registered more than 200 newly discovered solid mineral deposits since the beginning of 2025.

What the Federal Agency for Subsoil Use said

The Federal Agency for Subsoil Use (Rosnedra) told TASS that, on average, countries and mineral developers discover about 200 new solid mineral deposits each year. This year, the pattern has been similar, with more than 200 deposits already discovered and added to the national reserves register.

Potassium-magnesium reserves of 1 billion and 2 billion tons

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 tons and 2 billion tons, respectively. Another major discovery was the Zhidoiskoye deposit in Irkutsk, which contained millions of tons of titanium, phosphorus, and iron ore.

770 tons of silver in the reserves

According to TASS, Rosnedra also mentioned a deposit in the Trans-Baikal region, estimated to contain 699.6 tons of silver, and a deposit in Magadan containing 70.5 tons of silver. Magadan Oblast is located in the northeastern part of Russia and borders the Sea of ​​Okhotsk.

These deposits are in the Kamchatka and Khabarovsk regions.

It is characterized by the offset (the line from which the distance to a point is measured) of the mountainous Kolyma region in the east and the Chersky Range (up to 2,586 meters high) in the middle, as well as large lowlands in the southeast. Russia’s largest gold deposits were discovered in the Kamchatka and Khabarovsk regions, and along the borders with the Chukotka Autonomous Region and the Sakha Republic (Yakutia).