British gold mining company discloses sales of precious metals

The British company Anglo-Asian Mining Plc, engaged in the extraction of gold, silver and copper in Azerbaijan, has announced its sales volumes for 2020, Report informs referring to the company.

Some 48,650 ounces of gold ingots were sold in 2020. This is 5,342 ounces, or 9.9 percent less than in 2019.

Over the past year, the average selling price of an ounce of gold averaged $1,777, which is $367 or 26 percent more than in 2019.

Copper concentrate sold in FY2020 was 11,839 dry metric tons. This is 1,558 metric tons, or 15.2 percent more than in 2019. The cost of sales of copper concentrate supplies by the company to the client amounted to $17.7 million (excluding the share of the Azerbaijani government in production). This is $1 million or 6 percent more than in 2019.