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…
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…
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.…
In the fourth quarter of 2019 the total production volume of the Anglo Asian Mining PLC gold mining company operating in Azerbaijan increased by 1.7%, to 82,800 ounces in gold equivalent (81,400 ounces in 2018). Gold production amounted to 70,100 ounces, which down by 3.7%. At the same time, copper production amounted to 2.2 tons,…
