BAKU, Azerbaijan, October 13. Anglo Asian Mining plc produced 14,309 gold equivalent ounces ('GEOs') in the third quarter of 2022, which was 12.3 percent or 2,007 GEOs less than in the same period of 2021, Trend reports citing the company's report.
The company's revenues from the gold bar sales reached nearly $15.3 million in the reporting period.
During this time, the company paid $300,000 in taxes to the Azerbaijani state budget, invested around $800,000 in Libero Copper & Gold Corporation, and spent $1.2 million on studies and reports related to the Garadagh and Kharkhar copper deposits.
Anglo Asian Mining's reserves are estimated at $15.5 million as of September 30, 2022 ($11.8 million gold and silver bullion, $3.7 million copper concentrate).
The company's portfolio in Azerbaijan includes a total area of3,726 square kilometers.