Gold output down
Azerbaijan's gold production decreased 24.3 percent in May compared
to the previous month, according to official sources.
The volume of produced gold amounted to 153 kg in May alone. The figure is 49 kg below the level reported in April, according to the State Statistics Committee.
A total of 675 kg of gold was produced in the country in January-May.
Precious metals have been produced in Azerbaijan by the International Mining Operating Company since May 2009. Gold is being extracted under a production sharing agreement with the government. The PSA area covers six deposits, located in the Nakhchivan Autonomous Republic, the Tovuz and Gadabay regions as well as three regions that are currently under Armenian occupation. The fields hold about 400 tons of gold, 2,500 tons of silver and 1.5 million tons of copper. *
The volume of produced gold amounted to 153 kg in May alone. The figure is 49 kg below the level reported in April, according to the State Statistics Committee.
A total of 675 kg of gold was produced in the country in January-May.
Precious metals have been produced in Azerbaijan by the International Mining Operating Company since May 2009. Gold is being extracted under a production sharing agreement with the government. The PSA area covers six deposits, located in the Nakhchivan Autonomous Republic, the Tovuz and Gadabay regions as well as three regions that are currently under Armenian occupation. The fields hold about 400 tons of gold, 2,500 tons of silver and 1.5 million tons of copper. *
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