Bank Of Baku

AzerGold: Gold reserve base increase by 4 times

AzerGold: Gold reserve base increase by 4 times
# 09 July 2024 17:57 (UTC +04:00)

In 2017, "AzerGold" CJSC, which started mining at the "Chovdar" gold field, performed additional exploration works in the surrounding areas - Dashkasan and Goygol regions. As a result, thanks to the discovery and exploration of new deposits, marketable gold reserves has increased from 179,000 ounces to 778,000 ounces,APA-Economics.

It was reported that increasing the total marketable gold reserve base of "Chovdar" and deposits on the flanks by more than 4 times was achieved.

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THE OPERATION IS BEING PERFORMED