IN BRIEF: Anglo Asian Mining production balloons in second quarter
Anglo Asian Mining PLC - Azerbaijan-focused gold, copper and silver miner - Reports production of 8,293 gold equivalent ounces in the second quarter to June 30 from 2,707 GEOs a year prior. Copper production is 654 tonnes multiplied from 46 tonnes a year ago, gold production is 6,086 ounces, up from 2,438 ounces and silver production is 32,033 ounces compared to 6,341 ounces. Across the first half of 2025, production more than trebles to 16,378 GEOs from 5,270 GEOs. Says the Gilar mine commenced production in May with 106,510 tonnes of ore produced in the quarter grading 1.23 grammes of gold per tonne and 0.84 per cent. copper. In addition, flags "significant" progress at Demirli with work steadily progresssing towards commencement of production. Reports positive cash flow of USD1.8 million in the half year, decreasing net debt to USD13.0 million as at June 30 compared to USD14.8 million at the end of 2024. "We look forward to building on the strong momentum of the first half, and to providing further updates on the execution of our growth strategy to become a mid-tier, copper-focused producer," says Chief Executive Reza Vaziri. Read More