Those earnings would be more than five times the annual sales of Gubretas, which earlier this month announced it found 3.5 million troy ounces of gold reserves worth about $6 billion at current prices.
The bullion will be extracted by its 75%-owner Agricultural Credit Cooperatives with the help of external experts, said Fahrettin Poyraz, Gubretas’s chairman and chief executive officer of the cooperative known as Tarim Kredi. He didn’t disclose a time line of the earnings expected to flow from the project.
https://www.bloomberg.com/news/articles/2020-12-23/turkish-farmers-eye-…
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