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Anglo Asian Mining PLC

Anglo Asian Mining publish reserves estimate for the Gadir underground mine

Anglo Asian Mining PLC (LON:AAZ) has published its mineral resources and ore reserve estimate for its Gadir underground mine in Azerbaijan. The company is currently finalising the Gadir resources statement and ore reserves estimate in accordance with the JORC (2012) Code and will publish the full JORC (2012) Gadir mineral resources and ore reserve estimates by the end of March of this year. CFO Bill Morgan and Director of Geology Steve Westhead tell Proactive London why Anglo Asian is now at something of a 'sweet spot' in terms of opportunities and growth potential. Proved and probable ore reserves (at a cut-off grade of 1.2 grammes per tonne of gold) totalled 797,000 tonnes at a grade of 2.73 grammes per tonne gold containing about 70,000 ounces of gold, 11.86 grammes per tonne silver containing 304 thousand ounces of silver and 0.17% copper containing 1,387 tonnes of copper. The company also revealed it will declare a minimum final dividend for 2018 of 3 cents (US) a share and a minimum total dividend in respect of 2019 of at least 6 cents. 

Quick facts: Anglo Asian Mining PLC

Price: £1.63

Market: AIM
Market Cap: £185.89 m
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