The Azerbaijani closed joint stock company Azergold intends to produce 45,000 ounces of gold till the end of this year, Deputy Chairman of Azergold’s Board Ogtay Mammadov reported.
Mammadov made the remarks during the media tour aimed at reviewing the work conducted at the Chovdar field.
“Since early 2018, 33,000 ounces of gold have been produced,” he added. “This figure is planned to be increased up to 45,000 ounces till the end of 2018, up by 33% YoY.”
Mammadov added that 93,000 ounces of gold had been extracted via Azergold so far.
The Chovdar ore field is located in northern Dashkasan district, which includes special and complex gold fields.
AzerGold CJSC started operating in July, 2016 and is engaged in studying, research, investigation, management of deposits of precious and non-ferrous metals, their production, processing and sale, and also application of new technologies in this sphere, improvement of material and technical base and implementation of other work related to development of this sphere. (Trend/Ukrainian metal)