Azerbaijan’s AzerGold Thrives in Global and Local Precious Metals Markets

Founded on July 5, 2016, Azerbaijan’s AzerGold company has spent the past nine years dedicated to converting natural resources into social welfare and sustainable development.

The company remains a key player in Azerbaijan’s economy, consistently achieving strong sales of gold and silver both domestically and internationally, The Caspian Post reports via local media.

Since its establishment, AzerGold has sold an impressive total of 522,711 ounces of gold and 988,717 ounces of silver on local and global markets, underscoring its vital role in the country’s mining and export sectors.

Headquartered in Baku, Azerbaijan, AzerGold is tasked with the exploration, development, and management of the country’s metal ore deposits, including gold, copper, and polymetallic resources.

The company plays a pivotal role in Azerbaijan’s non-oil sector, contributing significantly to the national economy through mining activities and exports. In 2017, AzerGold conducted its first export of gold and silver bullions, marking a significant milestone in the country's precious metals market.