ARMENIAN GOLD EXPORTS UP 62% IN JAN-SEPT

Interfax
Nov 21 2011
Russia

Armenia exported 1,606 kilograms of gold in January-September 2011,
versus 988 kg in the same period last year, or 62% more, the republic’s
Customs Service reported.

The customs value of exported precious metals for the period rose
2.5-fold year-on-year to $43.137 million.

The Armenian Economic Ministry told Interfax that high growth rates in
gold exports were caused by a rise in world gold prices and favorable
market conditions.

Gold imports into Armenia totaled 1,198 kg for $60.967 million (971
kg for $36.665 million a year earlier).

Armenia exports Dore gold with Au content of up to 92%, and does not
produce pure gold.

From: A. Papazian