The deputy Minister of Industry of Yakutia Vladimir Fedorov informed that insufficient investments into Yakut gold mining are the main reason of low results of the region: 17 tons of gold have been mined while the plan being 19.5 tons.

As it has been reported by YASIA, 81 gold mining companies exist now in the region, and only six of them mine over a ton of gold a year. More than 50% of Yakut gold mining companies are unprofitable.

Nevertheless, the Republic programme of the sector development in 2002-2006 is said to improve the situation – in particular, it has allowed annual gold mining to reach the level of 10-11 tons of gold.