Fri, 20th Jan 2012 12:04
Anglo Asian Mining blamed falling gold prices and a slow start to the year's trading for a slide into the red, hitting its shares. The group, whose flagship Gedabek gold, silver and copper mine is in Azerbaijan, made a first half pre-tax loss of $7.5m against a profit of $4.2m a year ago. Anglo sai
Read moreTBILISI, July 18 (Reuters) - Anglo Asian Mining Plc, Azerbaijan's main gold producer, said it had increased output by 54.6 percent in the first half of 2014 and planned to reach its target of 62,000-67,000 ounces for the year, up as much as 28.7 percent from 2013. London-listed Anglo-Asian
Read moreGold explorer Anglo Asian Mining (AAM) has revealed that its flagship mine in western Azerbaijan contains more gold than it thought. AAM said a study by independent consultants had enabled the group to increase its estimate of resources at the Gedabek gold, copper and silver mine by 29% to 61,795,
Read moreLONDON (Alliance News) - Anglo Asian Mining PLC Thursday said it has increased its JORC compliant gold resource at the Gedabek gold, copper and silver mine in western Azerbaijan by 29%. The gold producer said the resource update, which took into account new drilling results since August 201
Read moreAnglo Asian Mining's annual pre-tax profit declined as revenue was hurt by falling prices. Pre-tax profit came to $1.4m in the year ended December 31st 2013, down from $28.6m a year earlier. Revenue dropped to $70.8m from $73.5m in 2012. Gold sales grew to 46,076 ounces from 42,557 but at an avera
Read moreLONDON (Alliance News) - Anglo Asian Mining PLC Wednesday said its pretax profit slumped in 2013 as expected, as it was hit by lower revenues, increased cost of sales and changes to the accounting treatment of certain items. The gold producer with operations in Azerbaijan said its pretax pr
Read moreLONDON (Alliance News) - Anglo Asian Mining PLC Thursday said it has agreed to a USD1.5 million six-month loan from the International Bank of Azerbaijan (IBA) in order to help develop its Gedabek and Gosha mines. The gold producer said the loan, which has an all-inclusive annual interest ra
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