In 2019, Azerbaijan more than doubled its gold exports, exporting as much as 4,802 kg of gold worth $172 million 435,300. The entire volume was exported to Switzerland.
In 2018, gold exports from Azerbaijan amounted to 2,904 kg worth $118 million 39,420. Thus, during the reporting period, gold export increased quantitatively by 65.4% and by 46.1% in value.
Azerbaijan imported about 50 tons of gold in 2019. The country imported as much as 49,660 kg of semi-processed gold worth $2 billion 111 million 769,550. In the fourth quarter of 2019, gold was not imported into the country.
In 2018, gold imports to Azerbaijan amounted to 20,509 kg worth $814 million 993,100. Thus, the country’s gold imports increased in quantitative terms 2.4-fold and 2.6-fold in value.
During the reporting period, Azerbaijan imported gold from Switzerland, Canada, the USA, Australia and Brazil.
In 2019, 3,711 kg of gold was mined in Azerbaijan, up by 6.8%.
Presently, two companies – AzerGold and Anglo Asian Mining – are operating in the sphere of mining of precious metals in the country.
AzerGold is engaged in the study, research, exploration, development and management of the gold-bearing and iron-ore areas of Garadagh, Chovdar, Goydag, Daghkesaman, Kohnamadan sites and the Kurekchay field.
Anglo Asian Mining Plc. is a gold, copper and silver producer with a broad portfolio of production and exploration assets in Azerbaijan.
In January, Azerbaijan produced 404.9 kg of gold and 540.4 kg of silve, up by 63%. (AzerNews/Ukrainian metal)