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).
