UK company Anglo-Asian Mining Plc., which is engaged in producing gold, silver, and copper in Azerbaijan, has maintained its outlook for gold production for 2021.
Report informs, citing the company, that the forecast for production this year is determined at 64,000 to 72,000 ounces in gold equivalent. The company plans to produce 48,000 to 54,000 ounces of gold and 2,500 to 2,800 tons of copper by the end of this year.
Anglo-Asian Mining carries out gold production in Azerbaijan under the PSA (Production Sharing Agreement) signed on August 21, 1997. Azerbaijan's share in the agreement is 51%, while the British company Anglo Asian Mining Plc. has 49% share. The first gold mining at the Gadabay field began in 2009.