Anglo Asian Mining on road to profitability
Shares are up around 245% since the end of January to stand at 18.125p as it advances the flagship Gedabek operation.
Company
LON:AAZ
Anglo Asian Mining is an established gold, copper and silver producer, with a track record of operating successfully for over 20 years. The company has discovered, developed and brought 6 mines into production and maintains a strong portfolio of high-quality production and development assets across eight contract areas, spanning 2,544 km² in western Azerbaijan.
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Shares are up around 245% since the end of January to stand at 18.125p as it advances the flagship Gedabek operation.
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Weekly round up of mining news from the world of Proactive.
London’s FTSE 100 index closed below 6,000 on Monday, and dropped by nearly as much as it lost on Friday in the wake of the shock UK referendum decision to quit the European Union
The FTSE 100 Index fell 95.7 points to 6,043 while even small-cap stocks took a hit
The main share price movers at 9am. Craven House Capital up 60%, Domino's Pizza down 67%.
The firm remains positive on achieving 73,000 to 77,000 gold ounces and copper of 1,700 to 2,100 tonnes of copper for the full year 2016.
Investments and investor services
The FTSE 100 Index fell 63 points to 6,075, although that was less than some market watchers expected
House builders, financials and airline IAG, which issued a profit warning, took an absolute battering today.
Britain's premier share index is down 4.49% at the midday point, while other European shares are tanking
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The weekly round up of news and updates from the mining sector.
The FTSE 100 Index kept most of its early gains, standing 33.8 points ahead at 6253 by lunchtime
The group loss before tax in 2015 reduced to $8.9 million from $14.4mln in 2014, while revenues grew to $78.1 million (2014: $68mln).
Investments and investor services
London's equities follow Wall Street and Asian stocks higher on Wednesday
Major share price risers and fallers in London at 4.00pm
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New licence deals for Tekcapital, the largest deal to date for Keywords and successful well testing for Lekoil.
Main share price risers and fallers in London at 4.00pm