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.
Anglo Asian Mining publish reserves estimate for the Gadir underground mine
Quick facts: Anglo Asian Mining PLC
Price: 135 GBX
Market Cap: £154.43 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Anglo Asian Mining PLC named herein, including the promotion by the Company of Anglo Asian Mining PLC in any Content on the Site, the Company...FOR OUR FULL DISCLAIMER CLICK HERE