BAKU, Azerbaijan, April 14. Anglo Asian Mining, a company focused primarily on Azerbaijan and engaged in the production of gold, copper, and silver, reported a total sale of 4,753 ounces of gold bars, with an average price of $2,843 per ounce in the first quarter of this year.
Data obtained by Trend from the company indicates that the total sales of the company’s gold bars increased by 828 ounces (21.1 percent), and the average price per ounce rose by $753 (36.7 percent).
During Q1 2024, the firm transacted 3,925 ounces of gold, achieving an average valuation of $2,080 per ounce.
The company produced 6,029 ounces of gold during this period, representing an increase of 3,763 ounces, or 2.7 times more, compared to the same period last year. In the first quarter of 2024, the company’s total gold production in Azerbaijan was 2,266 ounces.
Moreover, the company produced 8,085 ounces of gold equivalent in the first quarter, marking an increase of 5,537 ounces, or 3.2 times more, compared to the same period last year. In the first quarter of 2024, the company’s total production was 2,548 ounces of gold equivalent.
The data indicated that the decrease in output last year was attributed to a temporary halt in operations.