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Anglo Asian hits top end of gold equivalent production guidance for 2017

Production for 2017 has come in at the top end of guidance
gold bars
Anglo Asian produced just over 72,000 ounces of gold in 2017

Anglo Asian Mining Plc (LON:AAZ) produced 71,461 gold equivalent ounces during 2017, a production rate which hit the uppermost level of guidance.

All told, this was still slightly lower than the 72,304 ounces produced in 2016 but, allowing for the planned suspension of mining from the main open pit for part of the year, still looks highly satisfactory.

READ: Anglo Asian Mining continues expansion of operations in Azerbaijan

"Anglo Asian is continuing to lay the foundations for long term sustainable production growth and to deliver value to its shareholders,” said chief executive Reza Vaziri.

“Mining is expected to recommence at our main open pit at Gedabek in the near-term together with the installation of a second, dedicated crusher line for the flotation plant. These should significantly enhance our production profile throughout 2018. I look forward to providing further updates on forecast 2018 production and expansion and exploration objectives in the coming weeks."

 

 

 

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