BAKU, Azerbaijan, January 30. Last year, AzerGold CJSC achieved its highest annual gold production figure of 63.700 ounces, marking a significant milestone in the company's history, said Deputy Chairman of the company Zakir Ibrahimov during the press conference dedicated to the results of activities for 2023, Trend reports.
"In the previous year, AzerGold achieved gold production of 63,700 ounces, marking an increase of 1,700 ounces, or three percent, compared to 2022 and surpassing the planned production by two percent. Additionally, silver production in 2023 reached 114,300 ounces, exceeding the planned target by six percent," the chairman said.
AzerGold CJSC was established through a decree issued by Azerbaijani President Ilham Aliyev on February 11, 2015. It stands as one of the two enterprises dedicated to the extraction of gold and silver in Azerbaijan.
Currently, AzerGold is actively involved in the production and export of gold during the oxide (surface) phase of the Chovdar gold deposit's development. This includes operations at the Aghyokhush deposit, initiated in the first phase starting in November 2020, the Marah deposit since July 23, 2021, and the Tulallar deposit since February 2023.
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