ByTrend
In the fourth quarter of 2019, the total production volume of the
Gold production amounted to 70,100 ounces, which is a decrease of 3.7 percent compared to 2018. At the same time, copper production amounted to 2.2 tons, increasing by 34.4 percent compared to 2018, silver production stood at 159,400 ounces, decreasing by 24.2 percent year on year, the report said.
Gold bullion sales in 2019 amounted to 54,100 ounces at an average at
The volume of copper concentrate shipments to the customer in 2019 amounted to 10,300 dry metric tons with a sales value of
The company has a 1,962 square kilometer portfolio, assembled from analysis of historic Soviet geological data and held under a Production Sharing Agreement modelled on the Azerbaijani oil industry.
The company's main operating location is the Gedabek contract area ("Gedabek"), which is a 300-square kilometer area in the Lesser Caucasus mountains in western
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