Azerbaijan’s revenues from gold and silver sales amount to over $136 last year

Azerbaijan generated 232.8 million manat ($136.9 million) in revenue from the sale of gold and silver in the local and international markets last year, said Chairman of the Board of Azergold CJSC Zakir Ibrahimov.

He made the remarks during a press conference dedicated to the results of the company’s activities for 2023, News.Az reports.

ccording to Ibrahimov, the growth in total sales revenue amounted to 15 percent compared to the 2022 figure.

"In 2023, exports contributed 210.1 million manat $123.6 million, and domestic sales amounted to 22.7 million manat $13.35 million, marking an 11 percent increase in export revenues and an 81 percent increase in domestic sales revenues compared to 2022. Notably, 97.9 percent of the income from the total sales of valuable products in 2023 came from gold sales. The cumulative revenue from the sale of gold and silver from 2017 to 2023 reached 1.19 billion manat $669.9 million," he added.


You Might Also Like