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Anglo Asian Mining 'in extremely good shape' after first half production boost

Bill Morgan, CFO at Anglo Asian Mining Plc (LON:AAZ), talks Proactive's Andrew Scott through the miner's first half update.

Anglo Asian saw a 22% year-on-year increase in total production of gold equivalent ounces in the period.

Total production from the Gedabek gold, copper and silver mining contract area in western Azerbaijan rang in at 37,349 gold equivalent ounces, a performance they're describing “excellent”.

The company had net debt of US$2.9mln at 30 June 2018 - a reduction of US$7.5mln since 31 March 2018.

Quick facts: Anglo Asian Mining PLC

Price: 141.345 GBX

AIM:AAZ
Market: AIM
Market Cap: £161.69 m
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