BAKU, Azerbaijan, April 14. Anglo Asian Mining (AAM) company mined 10,040 ounces of gold in Azerbaijan in the first three months of 2022, down by 15.68 percent compared to the same period in 2021, Trend reports citing the Company's report.
In the reporting period, copper production also decreased from 638 to 568 tons (by 11 percent) year on year, while silver production grew from 35,365 to 50,689 ounces (by 43.3 percent).
The Company's revenue from the sale of gold bars in the first quarter amounted to nearly $29.4 million.
Inventory was valued at $8 million as of March 31, 2022.
Anglo Asian Mining plc is a gold, copper and silver producer in Central Asia with a broad portfolio of production and exploration assets in Azerbaijan. The Company's portfolio includes an area of 1,962 square kilometers.