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…
