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An unseasonably harsh winter at its flagship gold mine Gedabek hurt half year results at aim-listed gold producer Anglo Asian Mining however stronger production levels are anticipated in the second half. Pre-tax profit fell to US$10.5m for the six months ended June 30th 2012 from $14.2m the same ti
27 Sep 12 13:51Premier Gold, a Central Asia-focused gold exploration and development company, has said its exploration programme on the Cholokkaindy licence in Kyrgyzstan collected a total of 2,221 samples in four target areas which indicate that the mineralised system is continuous between these areas. While fina
20 Sep 12 12:46Exploration company Goldstone has confirmed the wide depth extension of its gold resource at Homase/Akrokerri in West and Central Africa after 46 holes were drilled, totalling 13,200 metres. Included in these, one hole intersected gold mineralisation of 15.7m at 1.4 g/t including 4.5m at 3.3 g/t, wh
7 Jun 12 11:59Caucasian miner Anglo Asian Mining hailed 2011 as a successful year and thinks 2012 could see more of the same or even better. Revenue rose to $83.8m from $72.0m in 2010. Profit before tax improved by 605 to $31.6m from $19.8m the year before. Diluted earnings per share rose to 16.47p in 2011 fro
23 May 12 10:07Enegi Oil's latest results from tests at the PaP-1 well indicate that the connected oil and gas in place associated with Garden Hill South is in excess of 61.5m barrels of stock tank oil initially in place and 117bn cubic feet gas initially in place, with the absolute openhole flow potential expecte
14 May 12 12:47AIM listed Altona Energy has entered into a memorandum of understanding with Maison Global, a provider of clean energy products to China, which will see the two companies collaborate in the business development of project opportunities for the production of transportation fuels, energy products and
3 Apr 12 13:09Anglo Asian Mining, an AIM-listed gold producer, was heading higher after revealing positive data at its flagship Gedabek gold/copper mine in Azerbaijan. The firm has achieved an increase in gold production at Gedabek during the fourth quarter of 2011, with output rising quarter-on-quarter from 13
20 Jan 12 12:04Central Asia focused gold miner, Anglo Asian Mining, saw profits more than double in the first six months of the year as demand for gold pushed up prices. Profit before tax was up 129% to $14.2m, while revenues were up 36% to $38.5m. Anglo Asian sold 24,586 oz of gold at an average of $1,450 per o
20 Sep 11 08:12Azerbaijan-focused gold producer Anglo Asian Mining moved firmly into profit last year on the back of booming gold prices. The company made a profit before tax of $19.8m on revenue of $72m in 2010, compared to a loss of $11.7m on sales of $10.3m in 2009. Gold was produced at an average cash operat
26 May 11 13:29Shares in Azerbaijan-focused gold and copper miner Anglo Asian Mining fell back after extreme winter weather held back production in the first quarter of 2011. The company produced 14,028 ounces of gold from its Gedabek mine, which is near Azerbaijan's second city Ganja, 3% higher than the same per
6 Apr 11 10:15Sainsbury's commercial director Michael Coupe has taken a big chunk of shares ahead of the supermarket operator's trading statement tomorrow. He took 8,621 shares at 390.53 a time, spending nearly £34,000, and now has 798,285. News of the purchase, which was made last week, comes as data from mar
11 Jan 11 17:51The top share index was firmly in negative territory at the close of trading, despite M&A excitement concerning Smith & Nephew The joint replacement specialist jumped more than 10% following reports it turned down a bid approach from US rival Johnson & Johnson just before Christmas. Sticking with
10 Jan 11 17:01Footsie moved sideways over the lunch time trading session. Mining stocks continue to weigh the blue-chip index down, but oil stocks provide some cheer. A decline in copper imports into commodity-hungry China sent prices for the red metal lower. Kazakhmys, which transports copper from its Kazakhsta
10 Jan 11 14:20Omega Insurance Holdings has confirmed press speculation that it has received an unsolicited bid approach from Canopius Group. Canopius is proposing a cash plus shares offer for Omega. Last Friday Omega increased its estimate of the loss is likely to suffer from the New Zealand earthquake from $6.
10 Jan 11 09:20Anglo Asian Mining says the lastest estimate on the gold resource at its Gedabek gold/copper mine in Azerbaijan has increased to 704,000 ounces of gold. Anglo Asian CEO Reza Vaziri said, "We are delighted to announce this upgraded resource which, after taking account of ore already mined, gives a t
29 Oct 10 11:38
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