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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: 56.50
Bid: 54.00
Ask: 59.00
Change: 2.00 (3.51%)
Spread: 5.00 (9.259%)
Open: 57.00
High: 59.40
Low: 59.00
Prev. Close: 57.00
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Resouces round-up: Anglo Asian, Premier Gold, Dragon Oil

Thu, 20th Sep 2012 12:46

Premier Gold, a Central Asia-focused gold exploration and development company, has said its exploration programme on the Cholokkaindy licence in Kyrgyzstan collected a total of 2,221 samples in four target areas which indicate that the mineralised system is continuous between these areas. While final results are not yet available, the preliminary indications are that numerous new areas of significantly elevated gold values have been defined. However, the company have decided to delay the start of drilling while it works on improving relations with the local community. Anglo Asian Mining, the AIM listed gold producer, has agreed a further loan from the International Bank of Azerbaijan of $10.5m, which will be used to fund the initial stages of the construction of an agitation leaching plant to improve gold recoveries at Anglo Asian's flagship Gedabek gold/copper/silver mine in Azerbaijan. Under the agreement, an all inclusive annual interest rate of 12% will apply on funds drawn, payable on a quarterly basis. The loan can be drawn down in tranches of up to $1.5m. Repayment will be within 36 months in equal quarterly instalments starting two years from the date that each tranche of funds is drawn down. Dragon Oil, an international oil and gas exploration, development and production company, said the Dzheitune C/175 well tested at an initial production rate of 1,420 barrels of oil per day (bopd) from the deep layers. The firm made the decision to perforate gas and water formations around shallower levels at a later stage. The rig has now been moved to the Dzheitune A/176 well. The Dzheitune 13/171 well did not yield commercial oil rates, and so is being considered for conversion into a water injector-type well in the Dzheitune 13 area. NR
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20 Feb 2024 15:03

Anglo Asian unveils maiden Xarxar resource estimate

(Sharecast News) - Anglo Asian Mining announced a significant milestone on Tuesday, with the completion of its maiden JORC 2012 mineral resource estimate for the Xarxar copper deposit in Azerbaijan.

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20 Feb 2024 11:29

Anglo Asian Mining completes maiden JORC resource estimate for Xarxar

(Alliance News) - Anglo Asian Mining PLC on Tuesday said it completed its maiden JORC mineral resource estimate for its Xarxar copper deposit.

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16 Feb 2024 13:13

Anglo Asian gives up board seat on Libero board

(Sharecast News) - Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining announced the resignation of non-executive director Michael Sununu from the board of Libero Copper & Gold on Friday.

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16 Feb 2024 12:55

IN BRIEF: Anglo Asian loses director on Libero board as stake falls

Anglo Asian Mining PLC - Azerbaijan-focused copper, gold and silver producer - Non-Executive Director Michael Sununu resigns from the board of Libero Copper & Gold Corp, after Anglo Asian Mining's stake in Libero falls to 5.7%, lower than the 9.9% threshold that entitles the company to maintain a director on the board of Libero. Anglo Asian Mining says its holding in Libero has reduced as it has not participated in several recent rounds of financing.

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25 Jan 2024 11:51

IN BRIEF: Anglo Asian climbs amid copper resource discovery at Xarxar

Anglo Asian Mining PLC - Azerbaijan-focused copper, gold and silver producer - Confirms significant copper resource at Xarxar following drilling. Says drill results will form part of a forthcoming JORC mineral resource estimate for the Xarxar deposit. Further infill and extension drilling will be planned, along with a metallurgical testwork programme and geometallurgical modelling, Anglo Asian says, once the MRE is published. A mining trade-off study including a mine design and a production plan will also be prepared. Vice President Stephen Westhead says: "We are delighted to announce the findings of our recent drilling campaign at Xarxar, confirming internal estimates regarding the presence of significant quantities of copper at the deposit. This reaffirms the potential size of the mineral deposit that can be brought into production."

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19 Jan 2024 12:02

Anglo Asian commits to Global Industry Standard on Tailings Management

(Alliance News) - Anglo Asian Mining PLC on Friday said it will implement the Global Industry Standard on Tailings Management at its operations at Gedabek, Azerbaijan.

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15 Jan 2024 09:55

Anglo Asian Mining production drops amid temporary suspension

(Alliance News) - Anglo Asian Mining PLC on Monday said fourth quarter production was "significantly reduced" due to partially suspended operations, but said mining activity at Gedabek has resumed.

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8 Jan 2024 08:40

LONDON MARKET OPEN: Commodity-heavy FTSE 100 heads lower; Shell slips

(Alliance News) - The FTSE 100 kicked off the week on a downbeat note at Monday's market open, amid share price falls for commodity stocks.

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12 Dec 2023 10:42

Anglo Asian Mining expects Gilar site to begin production in mid-2024

(Alliance News) - Anglo Asian Mining PLC announced on Tuesday the purchase and delivery of Caterpillar Inc equipment to its Gedabeck mine site, where it expects production to commence in mid-2024.

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11 Dec 2023 17:54

TRADING UPDATES: Surface Transforms signs GBP13.2 million loan deal

(Alliance News) - (Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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7 Nov 2023 11:55

Anglo Asian shares soar as mining restarts after environmental audit

(Alliance News) - Anglo Asian Mining PLC on Tuesday said its full-year gold production target is unchanged, as it begins to restart operations after agreeing an environmental action plan with the Government of Azerbaijan.

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7 Nov 2023 10:44

AIM WINNERS & LOSERS: Naked Wines cuts outlook and CEO steps down

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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23 Oct 2023 13:56

Anglo Asian Mining identifies further mineralisation at Gilar deposit

(Alliance News) - Anglo Asian Mining PLC on Monday said further drill results at the Gilar deposit confirm an extension to the mineralisation reported by previous drilling.

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23 Oct 2023 10:17

Anglo Asian reports promising drill results from Gilar deposit

(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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16 Oct 2023 14:37

IN BRIEF: Anglo Asian says production hurt by suspension at Gedabek

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.

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