Cost of gold

Cost of gold

Cost of gold
The Ministry of Finance proposes to introduce a surcharge to the mineral extraction tax on gold starting from 2025 in the amount of 10% of the excess of the world price above $1,900 per ounce.

Negative for gold mining stocks. Today the market is already declining by 3.8% 📉

🔥 The Ministry of Finance plans to increase the mineral extraction tax on iron ore from 4.8% to 6.7% from 2025.

🔥 The Ministry of Finance proposes to introduce a surcharge on the mineral extraction tax on coal in the amount of 10% of the excess price in the ports of the Far Eastern Federal District over the threshold value.