ARMENIAN GOLD EXPORTS DOWN SLIGHTLY IN 2012

Interfax, Russia
Feb 11 2013

Armenia’s gold exports edged down 0.4% to 2,329.8 kilograms last
year, including galvanic coating, the country’s National Statistics
Service reported.

The customs value of the exported gold was up 15% from $67.3 million in
2011 to $77.5% last year, which Economy Ministry specialists attribute
to rising prices for the metal. Armenia exports Dore gold bars with
up to 92% gold content. Pure gold is not produced in the republic.

Armenia imported 1,378 kg of gold last year with customs value
of $77 million versus 1,521 kg for $78.3 million in 2011. Gold is
delivered to the republic in the form of gold wares and raw material
for making them.