SP Angel said the company could be “one of the top-yielding precious metals producers on the London market”
Anglo Asian Mining PLC
Anglo Asian Mining PLC is an AIM quoted (ticker – AAZ) company with a portfolio of gold, copper and silver production and exploration assets in Azerbaijan.
The Group has a 1,926 square kilometre portfolio of gold, silver and copper properties at various stages of the development cycle. These include Anglo Asian’s open pit and underground Gadir mine at Gedabek, the Gosha Mine which is...
| EPIC: | AAZ |
| Market: |
ISE:AAZ FRA:A4A |
| 52-week High/Low: | 76.00p / 26.70p |
| Sector: | General Mining - Gold |
| Market Cap: | 84.08M |
| Website: | www.angloasianmining.com |
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Big picture - Why invest in Anglo Asian Mining PLC
Anglo Asian Mining PLC Timeline
SP Angel said the company could be “one of the top-yielding precious metals producers on the London market”
Anglo Asian has forecast production this year of between 78,000 to 84,000 gold equivalent ounces
The AIM-listed miner declared an interim dividend of US$0.03 per share, while it swung to a pre-tax profit of US$8.1mln from a US$1.3mln loss the year before
The new reserves and resources will serve to extend the mine life for the Gedabek open pit
Anglo Asian has already built up an impressive track record of gold production
An airborne geophysical study will be carried out over the coming weeks, the first survey of this type carried out in Azerbaijan
Earlier this year, the miner said it would a pay a dividend soon due to the improvement in its financial position
A UK court has given the miner the green light for Anglo Asian to transfer its share premium account to distributable reserves
Production boost comes as new mine and new plant comes on stream
Reza Vaziri, CEO of the company, said the group began 2018 with production growing and a much more robust platform to sustain this into the future
The company is also considering paying its first dividend
Newswire
Anglo Asian’s gold equivalent production increases by 26% to 18,307 ounces in the first quarter
The expansion of the mining capacity at Gedabek is beginning to pay off
Anglo Asian's 2017 exploration programme has set it up nicely for further work in 2018
Newswire
Anglo Asian Mining embarks on major, three-year rolling exploration programme in Azerbaijan
Major exploration works are planned to extend mine life and delineate and discover new resources
Anglo Asian has released more money for capital spending through a two-year refinancing of existing debt
Guidance is a significant increase on the corresponding production number for 2017
Production for 2017 has come in at the top end of guidance
Anglo Asian Mining has been pressing ahead with plans to boost production at its mines in Azerbaijan
Newswire
Anglo Asian Mining boss agrees to extend loan facility term by one year, reduce interest rate
The gold, copper and silver producer focused on Azerbaijan noted that the amount of the loan facility from Vaziri is US$4.0mln and the term of the loan was until 8 January 2018
