AzerGold CJSC gained 188.3 million manats ($110.8 million) from the sale of gold and silver in 2021, Zakir Ibrahimov, chairman of the board of AzerGold CJSC, said at a press conference dedicated to the results of 2021 and the upcoming tasks of the company. Ibrahimov said that the company’s income from the sale of gold…
AzerGold CJSC Board Chairman Zakir Ibrahimov has said that the company has increased gold production by 2% in 2021. He noted that AzerGold had produced 61,500 ounces of gold since early 2021. Last year the company produced 60,000 ounces of gold. Speaking about silver production, Ibrahimov underlined that more than 135,000 ounces of silver had…
Azerbaijan’s AzerGold CJSC, jointly with Ministry of Ecology and Natural Resources, has digitalized data on the deposits of non-ferrous metal ores in Azerbaijan, collected during geological explorations in Soviet times, since 2018, the company’s board chairman Zakir Ibrahimov reports said. Ibrahimov made the remark at the event entitled “Current problems, reforms and prospects for the…
Azerbaijan’s AzerGold CJSC put bonds in circulation in 2020 to eliminate dependence on the state budget, Chairman of the board of the company Zakir Ibrahimov said at the event entitled “Current problems, reforms and prospects for the development of the mining industry” in Baku. “Thus, we issued bonds in the amount of $20 million in…
Azerbaijan’s gold mining company AzerGold’s net profit increased by 287.3% YoY in 2020, the company’s press service reported. In 2020, the company’s net profit increased by about $35.8 million and exceeded $48.2 million. Moreover, the company’s gross profit, profit margin, as well as EBITDA increased. Thus, the total profit of the company increased by $43.04…
Azerbaijan’s gold mining company AzerGold increased revenues from the export of precious metals by 29% YoY in 2020, AZN 186.5 million ($109.7 million), the company’s CEO Zakir Ibrahimov reported. Ibrahimov stated that sales of gold amounted to 59,400 ounces, while silver to 119,400 ounces in 2020. Gold topped the list of non-oil goods exported last…
AzerGold company stated that its production operations were not disrupted by the COVID-19 crisis recently and that it had exported 6,769.37 ounces of gold and 15,758.29 ounces of silver worth a total of $12.2 million (AZN 20.7 million). CJSC AzerGold has used alternative transportation for export, taking into account the sharp rise in prices for…
AzerGold CJSC has signed a $9.5-million contract with AT-Geotech LLC for exploration drilling, geotechnical research, laboratory analysis, monitoring of results and report preparation work in the country. AzerGold CJSC secured the contract via a tender, the official website on public procurement reported. Established in 2015, AzerGold CJSC is engaged in the study, research, exploration, management…