Armenia=?UTF-8?B?4oCZ?=s Gold Exports on the Rise but Revenues Drop

13:15, March 31, 2015

Seda Hergnyan

Armenia exported a record 3.6 tons of gold dust in 2014 with a customs value of US$ 82 million.

The exports are in the form of doré (a semi-pure alloy of gold and silver usually created at the site of a mine). The Armenian alloy contains more than 70% gold. After further refinement, the gold is sold on the London stock exchange.

Figures from Armenia's Customs Service show that gold exports took off in 2009 when 1,860 tons were shipped as compared to 252 kilograms the year before.

Armenia's gold is exported to Canada. Only eight kilograms of last year's exports went to Switzerland.  Read more... (835 words)

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