Anglo Asian Mining PLC (AGXKF)
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Anglo Asian expects strong 2025 lift from Gilar after encouraging start to year
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) said it had made an encouraging start to 2025 and expected the newly producing Gilar mine to deliver a significant contribution to output this year, as operations resumed across its portfolio in Azerbaijan following last year's production curtailments. The Azerbaijan-focused group produced 8,085 gold equivalent ounces in the first quarter and confirmed the Gilar underground mine had entered production in May.
Anglo Asian Mining takes step closer to ‘mid-tier' as Gilar mine comes online
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) told investors it has started production at the Gilar underground mine in Azerbaijan. Ore is now being mined from Zone 4, which has high copper and gold grades.
Anglo Asian Mining sees strong start as mine ramp up continues
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) told investors it produced 8,085 gold equivalent ounces in the first quarter of 2025 – it's the first full quarter of operations since the mine's shutdown in 2023. Production comprised 6,029 ounces of gold, 534 tonnes of copper, and 30,321 ounces of silver.
Anglo Asian Mining: Path To A Medium-Sized Copper Mine Clearly Mapped Out
Anglo Asian Mining PLC is a gold and copper producer in Azerbaijan, poised for growth with significant copper-focused expansion plans and favorable market conditions. The company aims to become a mid-tier copper producer by 2029, with multiple new mines, including Gilar, Xarxar, Garadag, and Zafar. Financially sound, Anglo Asian Mining benefits from rising metal prices, supporting its growth ambitions and easing capital-raising efforts.
Anglo Asian Mining mines first ore from Gilar deposit
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) told investors it has mined the first ore from its Gilar underground deposit, part of at its Gedabek operation in Azerbaijan. A total of 1,267 tonnes of ore was mined earlier this month, it said – with an average grade of 0.65% copper and 1.36 grams per tonne of gold.
Anglo Asian production set for rapid rebound, says broker after reiterating its 'buy' advice
SP Angel expects a strong production rebound in 2025 from Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) after last year's operational disruptions. The boutique mining house expects record revenues as gold and copper output surges.
Anglo Asian Mining set for a milestone year with record copper on the cards
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) is set for a big year, with copper production expected to hit record levels as the company brings its new Gilar mine into full operation. Gold output is also set to rise significantly, marking a strong recovery after two years of reduced output due to a partial shutdown.
Anglo Asian Mining resumes flotation processing at Gedabek
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) has announced the resumption of normal flotation processing at its Gedabek operation in Azerbaijan. The facilities are now operating at full capacity, processing ore from both stockpiles and the main open pit.
Anglo Asian assessing situation at Demirli copper mine
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) said it is assessing the Demirli copper mine in the Karabakh region (formerly Nagorno Karabakh) of Azerbaijan ahead of a possible reopening. The contract area was acquired by Anglo Asian in 2022, with Demirli comprising two contiguous open pits and a six million tonnes per annum flotation plant to produce copper concentrate.
Anglo Asian hails ‘turning point' quarter as agitation plant restarts
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) hailed the current quarter just ended as a turning point for the miner with permission to restart operations and raise its tailings dam wall at the Gedabek mine in Azerbaijan. A first lift in the wall by 2.5 metres will be completed in November 2024 while production restarted from its agitation leaching plant last month.
Anglo Asian grts bullish price target following resumed operations in Azerbaijan
SP Angel has reiterated its buy rating for Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) with a target price of 308p. This updated valuation follows the restart of operations at the Gedabek Gold/Copper Mine in Azerbaijan and the projected growth from the Demirli asset.
Anglo Asian announces agitation plant restart at Gedabek gold mine
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) has confirmed that agitation leaching has resumed normal production at its Gedabek mine in Azerbaijan after a twelve-month halt. The resumption follows authorisation to raise the wall of the mine's tailing dam on 5 August 2024, when the commissioning of the restart of its agitation leaching plant began.
