Azerbaijan-focused Anglo Asian Mining Plc (LON:AAZ) remains positive of achieving targeted gold and copper output in 2016 after seeing a pick-up in production in the second quarter.
Speaking at the AGM later today, chief executive Reza Vaziri will note production in the first quarter had seen a slow-down due to winter weather conditions and poorer grades.
"However, we have seen a significant pick up in gold doré production since the beginning of April due to better grades," he added.
"The second semi-autogenous grinding (SAG) mill is now in place at Gedabek and is being commissioned.
Speaking on several moves to lower costs, he added: "The optimisation of the flotation plant continues and we have also seen a significant pick up in the production of copper and gold concentrate since the beginning of April."
The firm remains positive on achieving 73,000 to 77,000 gold ounces and copper of 1,700 to 2,100 tonnes of copper for the full year 2016.
It comes after the firm continued to turn around fortunes in 2015 and post record gold output from the Gedabek mine.
As Vaziri will also point out, 2015 was still not profitable for Anglo as the global environment for mining companies remained poor bit it did increase turnover to US$78.1 million from US$68.0 million in 2014 and narrow the pre-tax loss to US$8.9 million from US$14.4 million in 2014.
"This is a very credible result given the poor environment," said the company boss.