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Azerbaijan’s AzerGold company registers increase in production

Business Materials 10 March 2022 11:05 (UTC +04:00)
Azerbaijan’s AzerGold company registers increase in production

BAKU, Azerbaijan, March 10

By Kamran Gasimov - Trend:

Azerbaijan’s AzerGold CJSC produced 1,912.7 kilograms of gold (61,500 ounces) and 4,179.8 kilograms of silver (134,400 ounces) in 2021, which is by 2.5 percent and 10.9 percent more than in 2020, Trend reports with reference to the report of the Azerbaijani Cabinet of Ministers on activity in 2021.

Some 188.9 million manat ($111.1 million) were obtained as a result of selling the precious metals mined at the Chovdar and Aghyokhush deposits on the international and domestic markets.

These funds were transferred to the state budget in 2021, which is by two percent more compared to 2020.

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