Azerbaijan increases precious metals extraction: over 12 tons of gold produced first time

Azerbaijan, which started industrial production of gold in July 2009 and publication of accompanying silver production in 2010, decreased production of gold by 13.1% for 2016, while production of silver increased by 4.7-fold, abc.az reports.

The State Statistics Committee (SSC) informs that for Jan-May 2016 the country extracted 946.6 kg of precious metals (including 219.4 kg in May), that was by 0.9% less than a year before.

Stock reserves of precious metals as of 1 June 2016 totaled 70.6 kg (-5.6 kg in May).

Over Jan-May 2016 production totaled 784.3 kg of gold (187.2 kg in May) and 162.3 kg of silver (32.2 kg). At that, by 1 June 2016 stock reserves of gold totaled 46.9 kg (-16.3 kg in May) and 23.7 kg of silver (+10.7 kg).