Iran's gold complex shows significant performance improvement

Business Materials 23 April 2018 12:27 (UTC +04:00)

Baku, Azerbaijan, April 23

By Gazenfer Hamidov – Trend:

The official statistics indicate that the Mouteh Gold Mine, Iran’s first exploited deposit of the precious mineral, ‎has closed the fiscal year with a significant performance improvement.

The Mouteh Gold complex, located in central Iran, produced over 602 kilograms of gold ingots in the last fiscal year, ended March 20, 2018.

The output indicates a 58-percent growth compared with that of the preceding ‎year (380 kilograms), Iranian Mines and Mining Industries Development and Renovation ‎Organization (IMIDRO) said April 23.

The figure is also 133 percent more compared to the planed output in the 12-month period, ‎which was 258 kilograms.‎

The complex’s gold ingot output in the 12th calendar month (Feb. 20- March 20) accounted to ‎‎44 kilograms, registering a rise by 10 percent 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.

Iran has identified as many as 15 mines so far, capable of yielding 320 tons of processed gold.

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

The country targets a production plateau of 10 tons a year fro short term and 25 tons in the long term.