Ağrı Gold Revolution: 17 Tons of Production to Slash Turkey’s Trade Deficit by $2.5 Billion

Ağrı’s Mollakara Gold Mine, a US$250 million investment, aims to boost Turkey’s gold output to 17 tons over five years, potentially trimming the trade deficit by $2.5 billion.

Beyond 150 Tons a Year

■Production Target: 1 ton in 2024, 3 tons in 2025, 17 tons in five years

■Value Added: 17 tons × 150 USD/gram ≈ $2.5 billion contribution to the balance of payments

■Employment: 265 direct, 1,500‑2,000 indirect jobs

■National Wealth: Cuts 70 % of current imports

Double‑Edged Strength: Production and Security

■Security Environment: Reduced terrorism improves investment climate

■Regional Development: 81 % local workforce, capacity to 337

■Inclusive Policy: Syrian stability and regional cooperation

Financial Outlook

■Reserve Base: Central Bank reserves far below national gold holdings

■Trade Gap: 150 tons imported, 30 tons produced, reducing the gap from $5 billion to $2.5 billion

■Market Impact: Increased domestic supply may stabilize gold prices

Expert Insight

By harnessing domestic resources and reducing external dependence, Turkey strengthens macro‑economic stability and investor confidence. The five‑year production plan for Mollakara will create long‑term resilience and competitive advantage in the gold market.