Anglo Asian Mining (LON:AAU) is confident of meeting its full year production target after a strong third quarter.
Reza Vaziri, chief executive, said the improvement at the Gedabek mine seen in the first half had continued and with the final quarter of the year historically its strongest, he was confident of meeting the full year target.
Vaziri added that costs had also fallen in tandem with the higher sales and production.
The Azerbaijan-based gold and copper miner produced 18,165 ounces of gold, 216 tonnes of copper and 4,439 ounces of silver.
For the year to September so far, Anglo Asian‘s production is 25% above last year at 54,103 oz of gold, 10,916 oz of silver and 634 tonnes of copper.
The target for the year is between 70,000 to 75,000 ounces of gold, which would be a 16 to 24% improvement on 2014.
Sales during the quarter amounted to 14,871oz at an average of $1,123oz and for the year are now running at 48,165oz at an average of $1,179oz
Net debt rose to US$51mln (US$48.9 mln).