BAKU, Azerbaijan, January 30. The forecast of gold production for the current year is 70,000 ounces, which is 9 percent more than last year, AzerGold CJSC Chairman of the Board Zakir Ibragimov said during the press conference on the results of 2023, Trend reports.
"Regarding silver, the production forecast for 2024 is 156,800 ounces, which is in turn 27 percent more than in 2023," he added.
Meanwhile, AzerGold produced 63,700 ounces of gold last year, which is 1,700 ounces, or three percent more than the 2022 figure and two percent of the plan. Silver production for 2023 amounted to 114,300 ounces, exceeding the plan by six percent.
To note, "AzerGold" CJSC was established by the Decree of Azerbaijani President Ilham Aliyev on February 11, 2015." AzerGold is one of the two companies engaged in gold and silver mining in Azerbaijan.
At present, AzerGold is engaged in gold production and export within the oxide (onshore) phase of the Chovdar gold mine, from the Aghyokhush mine within the first phase of its development (from November 2020), Marah (from July 23, 2021), and Tulallar (from February 2023).
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