Sales Revenues of AzerGold CJSC Increased in 2023

In 2023, AzerGold Closed Joint-Stock Company (CJSC) successfully continued selling gold and silver in local and international markets.

Thus, in 2023, the precious metal sales made up 68.1 thousand Oz of gold and 119.8 thousand Oz of silver. This means a 7% increase in gold sales compared to 2022.

Of the said total sales, 62.1 thousand Oz of gold and 90.8 thousand Oz of silver were sold in international markets. According to the domestic market demand, 6 thousand Oz of gold and 29.1 thousand Oz of silver were sold as raw materials and finished products. Thus, the total sales for 2017-2023 made up 416 thousand Oz of gold and 853 thousand Oz of silver.

In the reporting year, revenue of AZN 232.8 mln was obtained from the sale of gold and silver in the international and local markets. Compared to 2022, a 15% increase in total sales revenue was recorded. Of them, exports account for AZN 210.1 mln while domestic sales make up AZN 22.7 mln. Export and domestic sales revenues increased by, respectively, 11 and 81% compared to 2022. In 2023, 97.9% of the total valuable metal sales revenue was obtained from the sale of gold.

Thus, the total gold and silver sales revenue for 2017-2023 amounted to AZN 1.19 billion.