In January-June Anglo Asian Mining was selling gold mined in Azerbaijan at the average price of $1.238 thousand per ounce.
“The price increase witnessed in 2016, continued in H1 2017 as well. In January-June we were selling gold on average for $1.238 thousand per ton as against $1.23 thousand in 2016”, the company stated.
The price increase began in June, and now the average price of gold is $1.3 thousand per ounce.
Copper price is also growing.
“Its current price is $6.5 thousand per ton as opposed to $4.35 thousand in January 2016. Copper price increase is good for us, as we are increasing the output”, AAN reported.
In H1 gold output dropped by 31.4%, to 23.218 thousand ounces, while copper increased by 36.4%, to 1.322 thousand tons.
“We confirm our forecast for 2017 at 64-72 thousand ounces of gold as against 72.304 thousand ounces in 2016”, the company said. (Ukrainian metal)
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