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Pin to quick picksAnglo Asian Share News (AAZ)

Share Price Information for Anglo Asian (AAZ)

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Share Price: 67.00
Bid: 66.00
Ask: 68.00
Change: -0.20 (-0.30%)
Spread: 2.00 (3.03%)
Open: 68.00
High: 68.00
Low: 67.00
Prev. Close: 67.20
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Anglo Asian Mining increases gold production

Fri, 20th Jan 2012 12:04

Anglo 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 13,166oz to 15,292oz. Full year production totalled 57,068 oz gold. Chief Executive Officer Reza Vaziri said: "Solid gold production and a favourable gold price has provided for a strong performance in 2011 for Anglo Asian. Our strong operational performance has enabled us to accelerate the repayment of loans, reduce debt ahead of schedule and build a strong cash position, which stood at $9.8m at 31 December 2011. "Looking ahead to 2012, we are focussed on increasing the company's total resource base, which based on data available at June 2010 stood at 791,000 oz of gold, 49,300 tonnes of copper and 7,597,000 oz of silver for all categories, by Q1 2012 and in turn to calculate a JORC compliant reserve estimate thereafter."The share price rose 4.97% to 4.22p by 12:41.NR
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TBILISI, 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

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5 Jun 2014 13:17

Anglo Asian Mining lifts gold estimates at Azerbaijan pit

Gold 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,

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5 Jun 2014 08:31

Anglo Asian Increases Gold Resource At Gedabek In Azerbaijan

LONDON (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

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LONDON (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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