Gold mining in Azerbaijan increased by 1.1% and amounted to 2,058 kg in January-July.
Silver mining increased by 12.6%, to 2,786 kg.
The extracted gold and silver have already been passed for processing.
As of August 1, 256,2 kg of mined gold and 194.5 kg of silver stocks were kept in the warehouses of the producing companies.
Gold ranked third in the list of the country’s non-oil exports with $107.9 million during the first half of 2021.
Gold mining in Azerbaijan is currently carried out by two companies – AzerGold CJSC and Anglo Asian Mining PLC. A PSA-type contract was signed on August 21, 1997, and envisages the development of six fields.
The extraction of the first gold in Azerbaijan started in 2009, and silver in 2010. (AzerNews/Ukrainian metal)