Anglo Asian Mining PLC (AAM), a gold producer in Azerbaijan, plans to begin production at new deposits. According to the information, electromagnetic intelligence revealed that there was a new field in the vicinity of Gadabay. “It also shows that there is a great potential in Ordubad, and the geological team is working on it,” the…
Total revenues of Anglo Asian Mining PLC (AAM), a gold, copper and silver producer in Azerbaijan, in the first half of 2019 amounted to $43.3 million, up by 8% YoY. Net cash in the first half of the year amounted to $15.2 million. It is formed at the expense of cash in the amount of…
Mining industry is one of the leading sectors in Azerbaijan’s economy. It holds the largest share in the industrial production of the country. Gold producer in Azerbaijan – Anglo Asian Mining Company is planning to start gold production in new fields. Electromagnetic prospecting showed that there was a new field in the vicinity of Gadabay.…
R.V. Investment Group Services LLC, subsidiary of Anglo Asian Mining (ААМ), gold, copper and silver producer in Azerbaijan, has been in discussions with the Azerbaijani government and other parties in relation to the possible sale of the company’s shares. Such discussions are preliminary and no terms have been discussed or agreed upon. There can be…
The British Anglo Asian Mining Plc. company, engaged in the gold, silver and copper extraction in Azerbaijan, increased the gold production in Gadabay by 17%, to 83,736 in 2018, the company said. During the reporting period, the company mined 72,798 ounces of gold, 1,645 tons of copper and 210,184 ounces of silver. Gold production increased…
Anglo Asian Mining PLC expects gold production to be around 78,000-84,000 ounces in 2018 in Azerbaijan, President & CEO of the company Reza Vaziri declared. He said that it was expected 2018 production to be at top of the range. Vaziri said that the production was growing strongly, adding that the company commissioned a second…
Anglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, produced 18,307 ounces of gold in the first quarter of 2018, up by 26% YoY, according to the company report. The company said that such a sharp increase in the gold production was linked with the launch of production at the…
Anglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, announced that a subsidiary of the group, Azerbaijan International Mining Company Limited, planned to spend about $6 million on its new geological exploration and evaluation program in 2018, the company said in a message. 2018 will be the first year of…
