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Azerbaijan’s AzerGold company exceeds plans for gold and silver production (Exclusive)

Economy Materials 5 September 2019 17:50 (UTC +04:00)

Baku, Azerbaijan, Sept. 5

By Eldar Janashvili – Trend:

Some 865,000 tons of lead, 2.81 million tons of zinc and 733,000 tons of copper in the form of concentrate are planned to be produced during 27 years of operation of the Chovdar mine by Azerbaijan’s AzerGold CJSC, the company told Trend.

The work is being rapidly carried out to increase resources both in Chovdar and other fields.

According to the preliminary estimates, the volume of ore production by using open and underground methods will reach about 350,000 ounces of gold during six years only at Chovdar field.

As for the existing data, 34,678 ounces of gold and 63,698 ounces of silver were produced in January-August 2019. At the same time, the gold production figures exceed the same figures of 2018 by 24.4 percent, while the silver production figures - by 33 percent.

In general, the growth dynamics in production continued in August. So, 5,473 ounces of gold and 8,183 silver were produced during the last month.

This, in turn, exceeded the gold production plan by 16.8 percent, while silver production plan - by 7.5 percent.

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