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(Sharecast News) - Anglo Asian Mining reported promising drill results from the Gilar deposit in Azerbaijan on Monday, confirming an expansion of mineralisation compared to previous findings.
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Anglo Asian Mining PLC - Azerbaijan-focused gold, copper and silver producer - Produces 5,295 gold equivalent ounces in the third quarter of the year. In the nine months to September 30, produces 28,686 gold equivalent ounces. Net cash at September 30 of USD1.6 million, down 83% from USD9.6 million at June 30 as a result of a final dividend payment of USD4.6 million for 2022.
Read more(Alliance News) - Anglo Asian Mining PLC on Monday said that it drew down a USD10 million tranche from the International Bank of Azerbaijan.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read more(Alliance News) - The FTSE 100 was largely unmoved midday Tuesday, while European peers declined, as troubling developments in the world's two largest economies kept the market in a risk-off mood.
Read more(Alliance News) - Anglo Asian Mining PLC on Tuesday said profit fell in the first half of 2023, as revenue declined and cost of sales increased.
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.
Read more(Alliance News) - Anglo Asian Mining PLC on Tuesday said a draft report by Micon International Ltd on the Gebabek dam in Azerbaijan has now been prepared and is expected to be finalised next week.
Read more(Correcting to clarify that cyanide levels at Anglo Asian Mining PLC's existing tailings dam in Azerbaijan were below the legal limit.)
Read more(Alliance News) - Anglo Asian Mining PLC on Monday said its preferred site for its second tailings dam in Gedabek, Azerbaijan has been granted by the country's government.
Read moreAnglo Asian Mining PLC - Azerbaijan-focused copper and gold producer - Keeps production target of 50,000 to 54,000 gold equivalent ounces for 2023. Says total production in the first half of 2023 was 23,391 gold equivalent ounces. Adds copper production in the first six months of 2023 increased by 45% to 1,860 tonnes from 1,283 tonnes a year prior, while gold production fell by 30% to 14,608 ounces during the same period from 20,906 ounces the year before. Also announces its four-year strategic growth plan, which aims to reach 36,000 tonnes of copper equivalent production by 2028.
Read moreAnglo Asian Mining PLC - Azerbaijan-focused copper and gold producer - Says operational and financial performances in 2022 were within guidance. Ahead of annual general meeting, says revenue for 2022 was USD84.7 million, down 8.4% from USD92.5 million the year prior. Pretax profit decreased 40% to USD7.5 million from USD12.6 million. Company held cash of GBP20.4 million at December 31. Notes it produced a total of 57,618 gold equivalent ounces, down 11% from previous year due to lower gold grades of ore processed. Looking ahead, says it has an "ambitious but achievable growth strategy." It is currently building two new gold mines, Gilar and Zafar, and says Zafar will start producing ore later this year.
Read moreAnglo Asian Mining PLC - Azerbaijan-focused copper and gold producer - Takes forward sale position for 4,600 ounces of gold bullion for seven months, starting from June. Says forward sales have been priced between USD1,949 and USD1,979.
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