Kazakhstan’s gold reserves still have years to run

According to estimates from Kazakhstan’s Ministry of Industry and Construction, given current extraction volumes, the country has enough gold to mine for the next 30 years, while iron ore reserves could last an estimated 957 years.
«Kazakhstan maintains its position as a country with immense reserves of natural resources. The latest data indicate that, with current production levels, years of reserves of key natural resources are as follows: gold — 30 years, copper — 38 years, lead — 156 years, iron ore — 957 years and coal — 350 years,» a statement said.
According to the agency, reserves of manganese, titanium, molybdenum and other strategically important natural resources demonstrate a similar level of sustainability. With responsible production and continuous development of geological exploration, Kazakhstan can not only maintain but also strengthen its position in the global commodity market. The ministry noted that the sustainability of the resource base is a key foundation for attracting investment, developing the mining industry and reinforcing the country’s economic security.
In May, Tau-Ken Altyn Refinery, a subsidiary of Tau-Ken Samruk, announced plans to produce 56 tons of gold in 2025, according to Zekail Tyulyubayev, the company’s Chief Technical Officer, speaking to Kursiv.media. Last year, the refinery produced 54.6 tons of gold.
During the Astana Mining & Metallurgy Congress 2025, Kazakhstan’s Vice Minister of Industry and Construction Iran Sharkhan stated that over the past 10 years, production of gold ore in Kazakhstan has increased 2.2-fold. At the same time, production of refined gold has doubled, allowing the country to enter the top 20 countries by gold reserves. According to the official, Kazakhstan has conducted geological exploration over 1.9 million square kilometers. This figure will be increased to 2.2 million square kilometers by 2026.
Among the largest gold producers operating in Kazakhstan are Solidcore Resources (formerly Polymetal International plc), which has re‑domiciled to the AIFC and is listed on the AIX; Altynalmas, which runs mines in four regions and a processing facility and is registered and listed on KASE; BASS Gold, which holds licenses for the Ushshoky and Chinasyl‑Sai deposits and is also listed on KASE; and AltynGold plc, registered in the U.K. and operating in Kazakhstan as a KASE-listed entity.
Separately, Askhat Khassenov, CEO of the state-controlled oil and gas company KazMunayGas, has recently revealed that the company is exploring 15 sedimentary basins with an estimated total resource potential of 76 billion tons of oil equivalent.