Anglo Asian Mining Plc (LSE:AAZ, OTC:AGXKF, FRA:A4A) has guided to a sharp ramp-up in 2026 that would see copper become the company’s main product, with output targeted at 20,000 to 25,000 tonnes versus 7,915 tonnes produced in 2025.
The AIM-listed Azerbaijan-focused miner said the increase is expected to be driven by growing contributions from the Gilar and Demirli mines, both of which commenced production in 2025, marking 2026 as the group’s first full year as a multi-asset producer.
Chief executive Reza Vaziri described it as "another step change" for the growing miner.
"During 2026, copper will become our primary product, and we are confident that we can triple our copper output year-on-year," Vaziri said.
"Anglo Asian has benefitted from our consistent operational delivery, and strong prevailing precious and base metals prices. We now look forward to delivering another year of strong growth as we execute our medium-term strategy to transition to a mid-tier producer."
Alongside copper, Anglo Asian expects year-on-year gains in precious metals, guiding for gold production of 28,000 to 33,000 ounces (2025: 25,061 ounces) and silver output of 170,000 to 210,000 ounces (2025: 153,333 ounces).
On costs, the company guided to an all-in sustaining cost of $1,500 to $1,800 per ounce of gold and $6,800 to $7,800 per tonne of copper, noting that including the Demirli lease cost would add around $1,000 per tonne to the copper AISC.