AzerGold will attract its experienced specialists to study the available geological data on precious metals deposits in Uzbekistan, as well as to prospect and develop them. This is stated in the memorandum signed by AzerGold and the Ministry of Mining and Geology of Uzbekistan. The document has been signed by the AzerGold board chairman Zakir…
AzerGold CJSC will ensure geological exploration in the Goygol region of Azerbaijan, as President Ilham Aliyev has signed a decree on amending the State Program for the Geological Study of the Subsoil and the Efficient Use of the Mineral Resource Base for 2020-2024. Thus, AzerGold CJSC, together with the Ministry of Ecology and Natural Resources,…
AzerGold CJSC held an open tender for stripping, mining and transportation of rocks at the Chovdar ore processing site from the Chovdar field within the sulfide phase of development. The tender was also held for grinding oxide rocks from the Aghyokhush, Mereh and Chovdar fields. AzerGold CJSC signed a contract worth 72.9 million manats ($42.8…
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…