Investments and investor services
Aim stocks overshadowed as Chinese exports data give Footsie a lift
The sharp increase in Chinese exports has done wonders for big-cap miners but has had little impact on London's Aim-listed growth comanies
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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Investments and investor services
The sharp increase in Chinese exports has done wonders for big-cap miners but has had little impact on London's Aim-listed growth comanies
Azerbaijan-focused miner Anglo Asian Mining PLC saw a slow-down in gold production due to weather and geology in the first quarter but an uplift in copper and gold output.
Alexander Nubia, Anglo Asian Mining and Keras also had news out this week
Anglo Asian Mining has reported record production numbers for 2015, and looks well set up for 2016
Gold dore sales for the year totalled 63,924 ounces at an average price of $1,161 per ounce.
Investments and investor services
Beowulf Mining, Medgold Resources and Gulf Keystone Petroleum were also in the news
Some of Anglo Asian Mining's operating costs and overheads will be positively impacted by Azerbaijan's currency exchange changes, the miner said today, sending shares higher.
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Investments and investor services
Anglo Asian Mining, Kefi Minerals and Andes Energia also has news out today
The FTSE 100 Index dropped 79.95 points to 6225 at lunchtime
The company also revealed it is on course to increase full-year gold production by around one-fifth from 2014’s output level.
Anglo Asian will use the plant to process its own ore, helping it to avoid the costs of shipping the ore to third party processors.
“Based on new drilling - on surface drilling, on deep drilling - it was established that this was actually a polymetallic mine, and so a new mine plan was developed.”
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