ААМ estimates undeveloped gold reserves in Azerbaijan at more than 400,000 ounces

17:48 - 21.06.2024


June 21, Fineko/abc.az. Anglo-Asian Mining Plc. (AAM) estimates undeveloped gold reserves in contract areas in Azerbaijan at more than 400,000 ounces, Report informs referring to AAM materials.

ABC.AZ reports, referring to ААМ, that the undeveloped resources [of the contract areas] in Azerbaijan amount to more than 400,000 ounces of gold and over 700,000 tons of copper. As part of the development strategy covering 2024-2028, four new mines will be sequentially put into operation - Gilar, Kharkhar, Garadag and Zafar.

According to AAM, the company expects copper, a critical metal for the energy transition and achieving net-zero carbon emissions, to become its core product by 2026.