Azerbaijan produced 333 kilograms of gold last year

The State Statistics Committee (SSC) says the country has extracted 333 kg of gold since it launched extraction in July 2009.

Gold production made 56 kg in December versus 73 kg in November 2009.

Since last July volume of production was equal to 10,707,4 troy ounces, including 1,800,6 in December.

Earlier, RV Investment Group’s founder and President Reza Vaziri emphasized that high level of gold prices at the world market will help recompense investments within the gold production PSA.

About $70 million has been invested in gold extraction in country's Gadabay region.

About 5,000 troy ounces have been exported up to date. At the same time, RV’s stake totaled 4,700 ounces, as well as stake of the PSA contractors and 465 ounces is a stake of the Azerbaijani government.

For the time being, this gold is stored in Switzerland.

It is planned to expand export already up to 40,000 ounces.

In 2010, 60,000 ounces will be exported from Gadabay gold field.

/Abc.az/