Anglo Asian Share News (AAZ)

Anglo Asian Mining reports record gold production

Anglo Asian Mining's shares rose after reporting record gold production in the third quarter at its flagship Gedabek mine in Azerbaijan. The company achieved gold output of 20,242 ounces at Gedabek - the most since the mine first started production in May 2009 - bringing the total for the first ni

Anglo Asian Gold Production Up 31% On New Plant In Azerbaijan

Anglo Asian Mining Secures USD37 Million Loan Facility

Anglo Asian Mining's half-way figures hit by falling commodities

Anglo Asian Mining's first half profits have been hit by the falling price of commodities. Pre-tax profit for the first six months fell to $4.2m from the previous year's $10.5m as revenues dipped to $27.6m from $30.1m. The company sold 14,229 ounces of gold at an average price of $1,561 per ounce

Anglo Asian Mining Profits Halve On Lower Gold, Silver Production

MARKET COMMENT: Every FTSE 100 Stock Opens Higher On Taper Delay

STOCKS NEWS EUROPE-UK small caps outperform, led by Findel

The FTSE small-cap index sheds 0.2 percent, outperforming falls of 0.5-0.9 percent for the mid caps, the blue chips and the junior FTSE Alternative Investment Market (AIM) all-share index. Shares in Findel rise 7.5 percent to the top of the FTSE small-cap index as the home shopping group sw

Anglo Asian Mining's 2012 profits hit by fall in production

Anglo Asian Mining's 2012 pre-tax profit was 9.4 per cent lower than a year earlier as production declined due to adverse weather conditions. The AIM-listed gold producer reported pre-tax profit of $28m, compared to $31.6m in 2011, reflecting a drop in revenue to $73.5m from $83.8m. Newly appointe

Anglo Asian Mining expects rise in full-year gold production

Anglo Asian Mining said it is on track to meet its gold production target of 60,000 ounces this year despite a decrease in output in the first quarter. The company reported gold production of 8,585 ounces at Gedabek, its flagship mine in Azerbaijan. Sales of 8,725 ounces of gold at an average of

Anglo Asian Mining cuts gold output in Azerbaijan in 2012

BAKU, Jan 18 (Reuters) - Anglo Asian Mining Plc said its gold production in Azerbaijan had fallen to 50,215 ounces in 2012 from 57,000 ounces in 2011, but plans to increase production to 80,000 ounces in 2013, the company said in a statement. Production fell last year mainly due to a harsh

Anglo Asian Mining reaches copper sales deal with Glencore

Anglo Asian Mining has signed a contract to sell copper concentrate from its Gedabek mine in western Azerbaijan to commodities giant Glencore International. The AIM listed gold producer will sell 2,500 wet metric tonnes (WMT) and 550 dry metric tonnes of copper concentrate when available from the g

Anglo Asian first half hurt by harsh weather

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

Resouces round-up: Anglo Asian, Premier Gold, Dragon Oil

Premier 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

Resources round-up: Goldstone, Caza, Anglo Asian Mining...

Exploration 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

Debt slashed at Anglo Asian Mining

Caucasian 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