Anglo Asian Share News (AAZ)

Anglo Asian increases gold output in Azerbaijan

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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Anglo Asian Mining Sees Strong Quarterly Gold And Copper Production

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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,

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

Anglo Asian Mining's annual profit and revenue falls

Anglo 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

Anglo Asian Mining Pretax Profit Drops Sharply

LONDON (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

Anglo Asian Mining Secures To USD1.5 Million Six Month Loan

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

Anglo Asian Mining Issues Second Profit Warning About 2013

LONDON (Alliance News) - Anglo Asian Mining PLC Wednesday said that, as it continues finalising its full year 2013 results, its profitability for the year is expected to be even further impacted by increased cost of sales and the accounting treatment of certain items. The gold producer with

x-Anglo Asian's new contract leaves Glencore without Azeri copper

TBILISI, May 7 (Reuters) - Industrial Mining SA, a Geneva-based group, has become an exclusive trader of a copper concentrate produced in Azerbaijan, replacing Swiss trading major Glencore, the producer company said. Azerbaijan's main gold and copper producer, London-listed Anglo Asian Mini

Anglo Asian Mining signs three-year contract

AIM-listed Anglo Asian Mining announced it has signed a three-year contract with Geneva-based logistics group Industrial Minerals for sales of its copper concentrate product. The contract will make both companies exclusive partners for the sale of its copper from Anglo Asian's silver mine in wester

Anglo Asian Mining Signs Copper Sales Contract

LONDON (Alliance News) - Anglo Asian Mining PLC Tuesday said it has signed a three-year copper sales contract with Industrial Minerals SA for products from its Gedabek gold, copper, silver mine in Azerbaijan. The miner said the deal makes Industrial Minerals its exclusive partner, purchasin