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LONDON (Alliance News) - Anglo Asian Mining PLC on Monday saw it shares rise as it said its gold production in the first half hit a record level following a strong second quarter.
Anglo Asian said its gold production in the first half was 35,968 ounces, with gold production in the second quarter rising to 18,745 ounces from 17,193 ounces in the first quarter and from 15,736 a year earlier. The company maintained its full-year gold production target at 70,000-75,000 ounces.
Copper production increased to 236 tonnes, up from 182 tonnes, in the second quarter, pushing its half-year total up to 418 tonnes from 369 tonnes.
The group added its small scale flotation plant is on track to be commissioned in the third quarter and should add 5,000 ounces of gold and 1,200 tonnes of copper to its full-year production.
Anglo Asian shares were up 18% to 7.05 pence on Monday, one of the best performers in the AIM All-Share.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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