BAKU, Azerbaijan, June 20. AzerGold Closed Joint-Stock Company (CJSC), a leading state-owned exporter in Azerbaijan’s non-oil sector, has reported a remarkable increase in its domestic sales revenue as it continues to meet growing demand for high-quality precious metals alongside its export operations, Trend reports.
The enterprise transacted 3,698 troy ounces of gold and 8,827
troy ounces of silver within the domestic marketplace from January
to May 2025, signifying a 171 percent escalation in gold
transactions and a 17 percent uptick in silver transactions
relative to the preceding fiscal year. Sales revenue escalated to
20.2 million Azerbaijani manats, reflecting a remarkable 238
percent year-over-year growth trajectory.
During the reporting period, AzerGold has successfully transacted
22,453 ounces of gold and 135,003 ounces of silver within the
domestic market, culminating in a revenue stream of 95.4 million
manat (equivalent to $56.1 million).
The "AzerGold" Closed Joint-Stock Company was instituted in 2015 within the jurisdiction of Azerbaijan. The organization prioritizes the investigation, analysis, exploration, innovation, and oversight of both non-ferrous and ferrous mineral resource deposits. It also integrates cutting-edge technologies, optimizes its material and technical infrastructure for enhanced operational efficiency, and participates in a spectrum of ancillary activities within the sector.
