“AzerGold” CJSC, one of Azerbaijan’s leading state-owned
exporters in the non-oil and gas sector, attracted 102.4 million
AZN to the country's economy in the first quarter of the current
year. This was achieved through the sale of 12,284 ounces of gold
and 22,053 ounces of silver across international and local
markets.
During this period, more than 91.1 million AZN of the total
revenue was generated from export operations, while over 11.3
million AZN came from local retail sales. Compared to the same
period last year, export revenues (72.5 million AZN) increased by
26%, and retail sales revenues (5.6 million AZN) surged by
102%.
To date, the state company has sold a total of 572.3 thousand
ounces of gold and 1.1 million ounces of silver, bringing a total
of 2.04 billion AZN into the national economy throughout its
operational history.
Furthermore, “AzerGold” CJSC has contributed a total of 281
million AZN to the state budget. Of this amount, 242 million AZN
accounted for taxes and 39 million AZN for social security
payments. Based on the 2025 rankings, the national mining company
placed 20th among the top 100 taxpayers with the highest calculated
tax amounts (excluding indirect taxes such as VAT and excise).
Beyond significant tax contributions, “AzerGold” CJSC has played
a vital role in expanding employment within its operational
regions. In the last quarter, the number of employees working for
the Company and its subsidiaries reached 1,152. Currently, the
state company’s activities have ensured permanent employment for
2,595 people in the Ganja-Dashkasan economic region, including
personnel from contractor organizations.
Through its financial performance in the first quarter, growth
in export and sales volumes, budget contributions, and initiatives
aimed at expanding employment and supporting local communities,
“AzerGold” CJSC continues to contribute significantly to the
socio-economic development of our country.
