From January to August, AzerGold exported products worth $148 million, an increase of $75 million, or 2.03 times, compared to the same period in 2024. This was reported in the September issue of the “Export Review” of the Center for Analysis of Economic Reforms and Communications. Azerbaijan’s non-oil exports increased by 10.3% over the first…
AzerGold plans to produce just over 71,000 ounces of gold until the end of this year, the company’s Chairman of the Board, Zakir Ibrahimov has announced. According to him, production is ahead of schedule. Ibrahimov added that silver was mined as a supplementary product, and its production would exceed forecasts, reaching over 100,000 ounces. (Report)
Rovshan Amirjanov, Deputy Chairman of the “Azerbaijan Jewelers Association” public union and Chairman of the Technical Committee for Precious Metals and Stones, noted that the price of a gram of 999.9-purity gold currently stood at $88. With rising demand in international markets, a steady increase in gold exports from Azerbaijan is anticipated. “Production and export…
AzerGold CJSC has produced the 2000th gold-silver ingot. “The alloy of gold and silver weighs 21 kg. Further, it will be processed into an ingot with the purity of 999.9 to be sold on global exchange,” the company said. The first ingot was produced on October 13, 2016. (Ukrainian metal)
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…