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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: 69.00
Bid: 66.00
Ask: 72.00
Change: -5.00 (-6.76%)
Spread: 6.00 (9.091%)
Open: 72.00
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Anglo Asian Mining shifts exploration focus to Ordubad in 2019

Mon, 08th Apr 2019 08:19

(Sharecast News) - Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining updated the market on its 2018 geological exploration activities and 2019 exploration plans at the 462 square kilometre Ordubad Contract Area on Monday, reporting that "highly favourable" geology had indicated that it could contain multiple porphyry mineralisation systems.The AIM-traded company said Soviet-era data indicated "very large" mineral resources, with work now underway to verify that.It said the 2018 work programme included the collection of 5,504 surface samples, which had been sent for analysis with results expected in the second quarter of 2019.A total of 1,488 metres of linear trenching completed at Shakardara.Anglo Asian said the National History Museum worked at Ordubad as part of its 'FAMOS' ore deposit research programme, the board reported, adding that over five kilometres of roads were cleared to give access to the mineral deposits.The firm's 2019 geological programme, totalling $1.84m, had now begun, and included satellite mapping, geological mapping and sampling, and around 6,000 metres of core drilling."Now that Gedabek production is robust, a well-structured exploration programme to expand our mineral resources pipeline for future production is taking shape - this includes the potentially significant mineral resource wealth of Ordubad," said the company's director of geology and mining, Stephen Westhead."Ordubad has several exciting targets all within a 5-kilometre radius."We previously worked on two of these, Piyazbashi and Agyurt, which as independent deposits are relatively small given the level of exploration."However, Westhead said it was the overall picture of how those quartz-gold-sulphide deposits fit into the larger framework of mineral deposit formation that was important."Given the known porphyry-style ore province and the identification of rock alteration consistent with this type of mineralisation, it is this model that will be further advanced utilising the latest exploration techniques."We look forward to updating the market on our progress."Anglo Asian chief executive officer Reza Vaziri added that the work programme at Ordubad formed part of the company's development portfolio as a mid-tier gold, copper and silver mining company, and provided it with "significant potential" to increase its overall resources and reserves."Previous work has already highlighted Ordubad's potential, however Gedabek was developed first due to infrastructure and other considerations."It is with this background that we were delighted to approve a significant budget to facilitate an expanded geological work programme in 2019."
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15 Sep 2022 12:21

Anglo Asian Mining interim profit falls and gold output weakens

(Alliance News) - Anglo Asian Mining PLC on Thursday reported a lower first-half profit as revenue fell amid a decline in gold production.

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18 Aug 2022 14:14

IN BRIEF: Anglo Asian Mining buys exploration data USD4.0 million

Anglo Asian Mining PLC - London-based gold, copper and silver producer focused on Azerbaijan - Buys exploration data about Garadagh and Xarxar areas in Azerbaijan from gold mining firm AzerGold QSC. Pays USD3.3 million for Garadagh data and USD700,000 for Xarxar data.

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18 Aug 2022 13:22

Anglo Asian acquires exploration data for two new concessions

(Sharecast News) - Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining announced the acquisition of exploration data and associated studies and reports from AzerGold on Thursday.

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8 Aug 2022 15:36

IN BRIEF: Anglo Asian Mining invests in Libero Copper & Gold

Anglo Asian Mining PLC - London-based gold, copper and silver producer focused on Azerbaijan - Invests further into TSX-listed Libero Copper & Gold Corp, buying 2.9 million new shares at 33 Canadian cents each, for a total of CAD957,000, or USD748,0000. The investment is part of Libero's recent private placement for gross proceeds of CAD4.5 million to fund its exploration at the Big Red porphyry copper project in British Columbia, Canada. The investment maintains Anglo Asian's 19.9% holding in Libero, which owns or has the right to acquire several copper exploration properties in North and South America.

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8 Aug 2022 13:17

Anglo Asian Mining joins Libero Copper's private placement

(Sharecast News) - Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining has made a further investment in Libero Copper & Gold Corporation, it announced on Monday.

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14 Jul 2022 14:50

IN BRIEF: Anglo Asian shares fall on lower half-year production

Anglo Asian Mining PLC - London-based gold, copper and silver producer focused on Azerbaijan - Produces 28,772 gold equivalent ounces in the first half of 2022, falling 11% from 32,171 GEOs a year ago. Gold production during the period totals 20,906 ounces, down 14% from 24,247 ounces a year ago. Copper production falls by 3.8% to 1,283 tonnes from 1,333 tonnes.

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6 Jul 2022 16:01

IN BRIEF: Anglo Asian wins contract area expansion in Azerbaijan

Anglo Asian Mining PLC - gold, copper and silver producer focused in Azerbaijan - Announces that amendments to its production sharing agreement have been ratified by the Parliament of Azerbaijan, granting the company three new contract areas with a combine areas of 882 square kilometres.

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30 Jun 2022 20:21

TRADING UPDATES: Riverstone launches buyback; Anglo Asian Mining loans

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UK shareholder meetings calendar - next 7 days

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boohoo Group PLCAGM
Directa Plus PLCAGM
Tesco PLCAGM
EnQuest PLCAGM
Octopus Renewables Infrastructure Trust PLCAGM
Monday 20 June 
Armadale Capital PLCAGM
Bank of Georgia Group PLCAGM
Globalworth Real Estate Investments LtdAGM
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Midatech Pharma PLCAGM
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Coca-Cola HBC AGAGM
FireAngel Safety Technology Group PLCAGM
HC Slingsby PLCAGM
HSS Hire Group PLCAGM
Mission Group PLCAGM
Novacyt SAAGM
Pendragon PLCAGM
RTW Venture Fund LtdAGM
Velocys PLCAGM
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Bonhill Group PLCAGM
Chapel Down Group PLCAGM
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Ecofin US Renewables Infrastructure Trust PLCAGM
EJF Investments LtdAGM
Frenkel Topping Group PLCAGM
Good Energy Group PLCAGM
Honeycomb Investment Trust PLCAGM
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Intelligent Ultrasound Group PLCAGM
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John Wood Group PLCAGM
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Plant Health Care PLCAGM
Skillcast Group PLCAGM
Team PLCAGM
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Trident Royalties PLCAGM
Vertu Motors PLCAGM
Wentworth Resources PLCAGM
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Anglo Asian Mining PLCAGM
Card Factory PLCAGM
Cordiant Digital Infrastructure LtdAGM
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Eight Capital Partners PLCGM re aligning 2022 bonds with 2026 bonds
GENinCode PLCAGM
Ideagen PLCGM re takeover by Hg Pooled Management Ltd
Longboat Energy PLCAGM
Oxford Nanopore Technologies PLCAGM
Puma VCT 13 PLCGM re cancellation of listing & liquidation
RBG Holdings PLCAGM
Tandem Group PLCAGM
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17 May 2022 14:09

Anglo Asian Mining posts plunge in profit; expects demand for copper

(Alliance News) - Anglo Asian Mining PLC on Tuesday reported a fall in profit and drop in gold production in 2021, more than offsetting a rise in silver and copper output.

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14 Apr 2022 21:36

TRADING UPDATES: Polar Capital assets up; Brooks Macdonald funds fall

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14 Apr 2022 14:47

Anglo Asian upbeat on first quarter production at Gedabek

(Sharecast News) - Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining reported first quarter gold production of 10,040 ounces at its Gedabek contract area in an update on Thursday, down from 11,907 ounces a year ago.

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