Iran has revealed a major gold find at its Shadan gold mine in South Khorasan province. According to the announcement, the deposit includes about 7.95 million tonnes of oxide gold ore along with 53.1 million tonnes of sulphide gold ore. This discovery was confirmed by the Ministry of Industry, Mines, and Trade of Iran.
Officials say this find significantly boosts the country’s gold reserves at a time when Iran’s economy is under pressure from international sanctions and currency challenges. Over recent years, the country’s central bank has been increasing its gold holdings to strengthen economic resilience. The new reserves are expected to add much-needed support.
The discovery promises to invigorate Iran’s mining sector. With such large amounts of ore now verified, mining operations are likely to scale up. This could lead to jobs, investment in infrastructure, and increased export potential, all of which may contribute to stabilizing the economy.
Experts believe this find could change the economic outlook for Iran. Gold has long been seen as a safe asset, especially during economic uncertainty. With new, large reserves, Iran might gain more financial stability and stronger bargaining power internationally.
However, the real impact will depend on how quickly and efficiently the ore is extracted, refined, and brought to market. The government and mining authorities now face the task of managing this resource responsibly.
For now, the announcement signals hope for a stronger mining industry, improved economic prospects, and renewed investor interest in Iran’s mineral wealth.
