Hungary's gold rush: Untapped fortunes in the Börzsöny hills
Potential gold and silver deposits have been discovered in the northern part of Hungary, in the Börzsöny Mountains, that could significantly change the country's economic situation. Preliminary estimates indicate that these mountains may contain as much as 9,000 metric tons of gold and the same amount of silver. The total value of these resources is estimated at approximately 756 billion dollars.
Hungary has a long history associated with the extraction of precious metals. From the 13th to the 16th century, the country was one of the key players in this industry.
Hungarian mines then supplied over 80 percent of Europe's demand for gold and silver. The annual production exceeded one metric ton of gold and ten metric tons of silver, placing the country in third place globally. The latest discoveries give hope that Hungary will once again become an important hub for extracting these valuable resources.
The gigantic potential of the Börzsöny deposits
The discoveries in the Börzsöny Mountains have been confirmed by both the Hungarian Geological Service and the Szolnok Mining Department. It is estimated that the first gold and silver bars could leave the foundry in less than a decade.
According to the portal divany.hu, gold processing will begin no later than 6-7 years from now. Looking ahead 12 years, the company responsible for this project plans to extract a thousand metric tons of gold and the same amount of silver.
Preparations for exploitation
A special company has been established to carry out preparatory work—Börzsöny Aranybánya Concession Mining Company. This enterprise is already formally registered and is seeking all the necessary permits to begin full-scale mining operations.
The company plans to hire between 380 and 400 people in its first year of operation. In subsequent years, the number of employees is expected to gradually increase, reaching 1,500 people. This means that the project could become not only a key component of the resource economy but also provide new jobs in the region.
What does the future hold?
In the coming years, Hungary could once again be among the most important countries extracting precious metals. The deposits discovered in Börzsöny give hope for economic growth and attract investors from around the world. Although extraction will begin no sooner than a few years from now, Hungary is already preparing to return to its mining roots, which have been a pillar of its economy for centuries.
The future will show to what extent these riches can be utilized sustainably and beneficially for the country and its inhabitants. One thing is certain—information about the gigantic gold and silver deposits in northern Hungary is generating interest not only within the country but also worldwide.
