Iranian gold complex output 77% more than planned

Business Materials 22 August 2017 16:09 (UTC +04:00)

Baku, Azerbaijan, Aug. 22

By Fatih Karimov– Trend:

Mouteh Gold Complex in central Iran produced over 136 kilograms of gold ingots in the first four months of the current fiscal year (started March 20).

The figure indicates a 48-percent growth compared with that of the same period of the preceding year, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported Aug. 22.

The figure is 77 percent more compared to the planed output which was 77 kilograms.

The complex’s gold ingot output in the fourth Iranian fiscal month (June 21-July 21) accounted to 36 kilograms, 44 percent more year-on-year.

The complex is located 295 kilometers southwest of Tehran. Chah Khatoun Gold Mine is the main source of Mouteh's gold extraction. Mouteh's annual gold ingot output stands at 300 kg.

The provinces of East and West Azerbaijan, Tehran, Isfahan and Khorassan Razavi are the top gold production spots in the country.

Iran's National Geology and Mineral Exploration Organization put the proven and probable gold reserves at 320 tons.