Anglo Asian Mining reports 'solid start' to 2022
Total gold bullion sales were 7,519 ounces at an average of $1,904 per oz
Company
Anglo Asian Mining Plc
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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SP Angel . Morning View . Monday 21 03 22Copper and tin hold despite nickel trading limit downCLICK FOR PDFMiFID II exempt information – see disclaimer below LON:AAZ* - BUY– Zafar MRE comes down on lower tonnage and gradesAIM:ALL* – Len Kol
Anglo Asian Mining lowers resource estimate for Zafar polymetallic deposit
The upper part of the resource is now defined as more massive and continuous which will result in more efficient mining
Anglo Asian Mining highlights progress made on exploration projects in Azerbaijan
It does not expect Russia's invasion of Ukraine to have any impact on its exploration activities
Anglo Asian Mining discovers new gold vein, bonanza gold grades near Gosha mine
Bonanza grades of up to 229.5 grammes a tonne (g/t) of gold were encountered over 0.5 metres
Anglo Asian ups stake in Libero Copper to 20%
"Anglo Asian and Libero are keen to work together on Libero's future development programmes and to share expertise"
Anglo Asian Mining enters 2022 in a 'strong financial position'
The Azerbaijan-focused miner ended 2021 with cash of US$37.5 million, up from US$30.9 million at the end of September
Anglo Asian Mining to take stake in Canadian-listed explorer as part of a C$6.3mln strategic investment
The company will end up owning 12.6mln shares in Libero Copper & Gold Corporation
Anglo Asian Mining given permission to access Vejnaly asset in Azerbaijan
The mineral-rich district in the south west of Azerbaijan was occupied by Armenia between 1994 and October 2020
Anglo Asian Mining reiterates 2021 production target
“The high-quality Zafar deposit, and three exciting new contract areas, significantly strengthen our copper inventories"
Anglo Asian awarded three copper-rich licences in Azerbaijan
The Garadagh porphyry deposit alone contains over 300,000 tonnes of copper with an in-situ value of over US$3.0bn at current prices
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Anglo Asian Mining expects financial performance to improve in second half
The miner's interim results were in line with expectations
Anglo Asian Mining highlights significant exploration progress in first half of 2021
"In terms of outlook, exploration is progressing well and on schedule," said vice-president Stephen Westhead
Anglo Asian Mining encouraged by maiden mineral resource estimate at Zafar
42 drill holes with a total length of 20,418 metres were used for the maiden mineral resource estimate of which 28 drill holes intersected mineralisation
Anglo Asian to publish Zafar resource within weeks
Output from the Gedabek mine, also in Azerbaijan, was 16,740oz in the three months to end June
Anglo Asian chairman addresses shareholders by letter ahead of virtual AGM
Anglo Asian has built up a strong track record of gold and copper production in Azerbaijan
Anglo Asian Mining revenues hit new high on buoyant metal prices
For 2021, production is expected to drop due to the working out of the high-grade Ugur pit
Anglo Asian Mining secures approval for 5-year extension to Gedabek contract area
It is also in talks to obtain an extension of the territory of its existing contract areas and for new contract areas in Azerbaijan
Anglo Asian Mining sees lower gold production this year, higher copper output
Total metal production for 2021 is expected to be 64,000-72,000 gold equivalent ounces versus the 67,249 gold equivalent ounces achieved last year