Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) has received authorisation from the Government of Azerbaijan to raise the wall of its tailings dam and restart full operations at its Gedabak gold mine.
Confirmation was also received that the construction work will comply with all health and safety requirements.
Work on raising the tailings dam wall will start immediately, the miner said, with production from the company’s agitation and flotation processing plants to resume in a week.
Production guidance will be given in due course, said the statement, with the new Gilar mine expected to enter production in this year’s fourth quarter.
Reza Vaziri, Anglo Asian’s chief executive, added: “We are delighted to have finally received authorisation from the Government of Azerbaijan to raise the tailings dam wall and work on its construction will start immediately.
“We have also started mobilising resources to restart flotation and agitation leaching processing and expect to recommence full production in approximately one week.
“This marks the end of a year-long disruption, and we look forward to normalising production.
“We also look forward to making swift progress on our strategic growth plan to transition to a multi-asset, mid-tier primarily copper producer by 2028.”