British company Anglo Asian Mining (AAM, which develops gold deposits in Azerbaijan) produced 25,061 thousand ounces of gold in 2025, a 1.7-fold increase from 2024. Gold production in 2025 is in line with the lower bound of the updated annual forecast of 25,000-28,000 ounces. Silver production during this period amounted to 153,332 thousand ounces (a…
The British gold-mining company Anglo Asian Mining PLC (AAM), which operates in Azerbaijan, expects specifics from the British ACG Metals Limited (ACG) until December 24, regarding its intentions to acquire AAM. “AAM draws attention to the announcement by ACG Metals Limited dated November 26, that ACG is at an early stage of considering the possibility…
British company Anglo Asian Mining Plc. (AAM), which mines gold, silver, and copper in Azerbaijan, has signed a contract with Singapore-based multinational trading company Trafigura Pte Ltd to sell concentrate produced at the Demirli copper mine in the Karabakh economic region of Azerbaijan. AAM announced this in a statement. “A contract for the sale of…
British gold mining company Anglo Asian Mining (AAM) forecasts gold production in Azerbaijan in 2025 to be between 25,000 and 28,000 ounces. According to AAM, actual gold production in 2024 was 15,073 ounces. Therefore, this figure could increase 1.7 to 1.9-fold in 2025. The company’s copper production in Azerbaijan this year is projected to be…
British company Anglo Asian Mining (AAM) reported revenue from gold mining in Azerbaijan totaling $40.9 million in the first half of 2025, a 3.1-fold increase from January-June 2024. AAM noted that the revenue growth was due to the continuous operation of all processing facilities throughout the period, which ensured higher production volumes and higher commodity…
Until the end of the year, Anglo-Asian Mining Plc intends to produce first ore at the Gilar deposit. The development of the mine started in 2023. The company has also increased the capacity of the floatation machine at the Gedabek mine 2-fold, to 160 tons per hour. Reserves of the Gilar deposit are estimated at…
Anglo Asian Mining PLC, the AIM (Alternative Investment Market) listed gold, copper and silver producer, has upgraded its forecast on the production of precious metals in Azerbaijan for 2023, the company’s press service reports. “This year, we expect the production of precious metals at the level of 50,000-54,000 ounces in gold equivalent, as well as…
Anglo Asian Mining PLC, the AIM (Alternative Investment Market) listed gold, copper and silver producer, expects mining and processing of 3 million tons of ore per year at the Khalkhar deposit. According to the company, since July 2022, an extensive geological exploration program has been carried out at the Khalkhar deposit. “The base case open…