Anglo Asian Mining Sees Decline in Gold and Silver Output in Azerbaijan

Anglo Asian Mining Sees Decline in Gold and Silver Output in Azerbaijan

Anglo Asian Mining reported a significant reduction in gold and silver production in Azerbaijan for the period from January to September 2023. The company’s gold equivalent output fell by 33.4% year-on-year, with gold production decreasing by 41.3% to 18,771 ounces and silver production dropping by 65.2% to 50,272 ounces. However, copper production saw an 11.6% increase, reaching 2,111 tons. The Gadabay doré deposit, in particular, experienced a notable decline, with gold output down by 41.3% and silver production down by 64.2%. Anglo Asian Mining operates in Azerbaijan, holding a portfolio that spans over an area of 1,962 square kilometers and includes production and exploration assets for gold, copper, and silver.

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