Azerbaijan: Anglo Asian Mining announces precious metal reserves at Zafar deposit

Anglo Asian Mining PLC, the AIM-listed (Alternative Investment Market) gold, copper and silver producer, has announced the preliminary amount of precious metals for the new Zafar field in Azerbaijan’s Gadabay district. The mentioned underground mine contains 28,000 tons of copper, 73,000 ounces of gold and 36,000 tons of zinc. “The design is developed on ore…

Azerbaijan: Anglo Asian Mining talks impact on its activity from anti-Russian sanctions

Anglo Asian Mining company spoke about impact on its supply chain or operations in Azerbaijan due to consequences of the Russian invasion of Ukraine. According to the company, the recent international sanctions levied against the Russian state, various Russian companies and individuals haven’t affected the company and its activity in Azerbaijan. “We expect no material…

Azerbaijan: Anglo Asian Mining forecasts $100 million in revenue

Revenues of UK’s Anglo Asian Mining company that operates Azerbaijan’s gold mining fields is projected at $100,000,000, the company’s CEO Reza Vaziri has said, while disclosing the company’s revenue and production guidance for 2020. “We expect that the company’s revenue in 2020 will increase significantly and exceed $100 million at current prices for precious metals.…