"Filizchay," "Soyudlu," "Nasirvaz": Azerbaijan's gold potential in figures and projects - 1News.az

AI desk brief

Azerbaijan’s state mining plan points to a large future supply pipeline, led by AzerGold’s four strategic projects with total investment of about 3.63 billion manats, mostly from non-budget sources. The biggest gold-specific items are Soyudlu, with 1.03 million oz of reserves and a 2028 start target, and Ortakend, with 246,000 oz and a 2029 start; AzerGold also cites a 1 billion manat annual turnover target by 2030 and says Chovdar reserves were lifted from 179,000 oz to 1.02 million oz, extending mine life to 2032.

The largest project overall is Filizchay, a polymetallic deposit planned to produce 363,000 tons of copper, 2.7 million tons of zinc and 1 million tons of lead over 34 years, while Dashkesan is targeted to add 2 million tons/year of hot briquetted iron. The article also says AzerGold’s gold output is about 70,000 oz/year at Chovdar, revenues have risen 3.5-fold since 2017, and first-half 2026 output at Azerbaijan International Mining Company Limited rose to 37,600 oz gold equivalent from 5,300 oz a year earlier.