Gold output rose 22% in 2018 to 72,798 ounces from 59,617 ounces in 2017.
Azerbaijan Mining News
The company forecasts total metal production of between 82,000 to 86,000 gold-equivalent ounces in 2019.
Azerbaijan's leading gold mining firm said it produced 21,318 ounces of the metal in the last quarter, against 14,468 ounces in the same period of last year.
The London-listed firm said its total production of gold-equvivalent ounces (GEO) rose by 26 percent to 18,307 GEO from 14,577 GEO.
Azerbaijan's top gold producer will begin production there next month.
Better gold prices also helped the Azerbaijan-focused miner reduced its outstanding debts and boost profit.
The company produced 49,874 ounces of gold in the nine months to September, or 7.8% less than in the same quarter last year. It also cut its 2016 production target.
Gold production fell 17.6% to 14,172 ounces in the first quarter of the year due mainly to harsh winter conditions.
The miner increased production by 32.8% to 35,938 ounces between January and June at its flagship Gedabek mine.
The Gedabek mine expects to exceed its target to produce 595 tonnes of copper for 2014.
As a the result of a new Agitation Leaching Plant at its flagship Gedabek mine in Azerbaijan.
The three former Soviet republics, together, bought 75% more gold last month than they did in March.
Anglo Asian Mining disclosed Tuesday a surge in gold production at its flagship gold, copper and silver mine, in Azerbaijan, in the third quarter.
Anglo Asian (LON:AAZ) shares were up 3% to 35 pence this morning on news that the government of Azerbaijan has approved the development of the group's second gold mine in the country, Gosha.