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…
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…
Anglo Asian Mining PLC (AIM) company expects higher production of precious metals at the new Gilar deposit in Azerbaijan. According to the company, new drill results at the deposit confirm this expectation. AIM stressed that continuous gold and copper mineralization was expected to be extended up to 68 meters compared to previous drilling. Besides, according…