Armenia’s mining revival hinges on more than minerals

AI desk brief

Armenia’s Amulsar gold mine started production a week before the Oct. 16–17, 2026 Mining Armenia Forum, following years of delays amid environmental protests and political uncertainty. Mining association president Vardan Jhanian forecast mining exports of approximately $3 billion in 2027, supported by Amulsar and higher copper and molybdenum prices. A Wood Mackenzie survey identified limited geological data and regulatory uncertainty as investment barriers, despite workforce and geological strengths. Further development could depend on regulatory predictability and public trust; the article provides no gold-output figures establishing a material bullion-supply effect.