AzerGold grows revenues in 2022

In 2022, AzerGold faced a positive dynamic in the volumes of gold and silver sales in the international and domestic markets. The total sales indicators of precious metals in 2022 were 63,500 ounces of gold and 207,800 ounces of silver, meaning 3,700 ounces or 6.1 percent of gold, and 74,900 ounces or 56.3 percent of silver more compared with 2021.

Thus, 59,900 ounces of gold and 193,500 ounces of silver were offered in international markets. Sales figures in the retail market were 3,000 ounces of gold and 130 ounces of silver. A total of 555 ounces of gold and 14,200 ounces of silver were sold according to the domestic market demand. Notably, total sales indicators for 2017-2022 were 348,000 ounces of gold and 733,000 ounces of silver.

In 2022, AZN207.2 mln. ($122m) were attracted to Azerbaijan's economy from the sale of gold and silver in the international and local markets. The income obtained as a result of gold and silver sale was AZN960.7mln. ($565.12 mln.) for the years 2017-2022.