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Pin to quick picksAnglo Asian Share News (AAZ)

Share Price Information for Anglo Asian (AAZ)

London Stock Exchange
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Share Price: 72.00
Bid: 70.00
Ask: 74.00
Change: 7.00 (10.45%)
Spread: 4.00 (5.714%)
Open: 68.50
High: 74.00
Low: 72.00
Prev. Close: 74.00
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Sunday share tips: Dunelm, Anglo Asian Mining

Sun, 16th Sep 2018 12:54

(Sharecast News) - Sunday share tips from the newspapers, this week it's Dunelm in the Sunday Times and Anglo Asian Mining in the Mail on Sunday.Dunelm shares, having fallen by almost a quarter over the past year, offer room for recovery, pointed out the Sunday Times' Inside the City column, which focuses on the solid performance so far under new chief executive Nick Wilkinson. The ex boss of Evans Cycles joined in February and was forced to warn on profits at the homewares retailer in May.That last week's on-target annual results were met with adulation from investors is an indication of the troubles with the retail sector. What's more, Wilkinson highlighted reasons to be cheerful as the integration of late 2016 acquisition Worldstores pretty much complete, allowing him to now focus on driving profit margins and improving stock management.Wilkinson's strategy is built around simplifying store and online ranges under one brand, one website and one supply chain, with a greater emphasis on digital sales and increased investment on advertising to build brand awareness.Pressure from online purists is offset by weakened rivalry from department stores, capped off by last week's tribulations at John Lewis in the face of the "most promotional market in a decade"."However, as the only homeware specialist - now with a stronger online offer, soon to include click and collect - there should be rewards if he succeeds," the column concluded.Anglo Asian Mining "could provide substantial gains", said Midas in the Mail on Sunday, though the gold miner has disappointed in the past.Listed on AIM since 2005 at 77p, the Azerbaijan-based company is now a low-cost producer of gold, copper and silver from three operational mines and is about to pay shareholders a maiden dividend, yet its shares have sunk to 45p.A disappointing investment in a processing plant and saw the shares collapse to below 5p by 2015 before chief executive Reza Vaziri brought in new management, including a new finance director and a new head of geology, which improved processing to upgrade the quality of its ore, while two new mines were brought into production.For 2018, 78,000-80,000 troy ounces of gold are forecast to be produced, up around a third since 2014 while costs have been trimmed to just over $600 per oz from more than $900. Further cost cuts are forecast over the next couple of years, while production is likely to continue rising.Exploration work is ongoing on its the 115 square miles of land where Anglo Asian has mining rights. Last week, plans were announce for an airborne geophysical survey over the entire 300 sq km area of its Gedabek property in Azerbaijan to identify future gold and copper drill targets, with government providing helicopter services.Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only and not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.
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17 Apr 2024 13:53

Anglo Asian Mining sees quarterly production drop on approval wait

(Alliance News) - Anglo Asian Mining PLC on Wednesday posted a decline in first quarter production, as it waits for government approval to raise its tailings dam wall in Azerbaijan.

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17 Apr 2024 08:53

LONDON MARKET OPEN: Stocks mixed as UK data douses BoE cut hope

(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 underperforming European peers, with a hotter than expected UK inflation reading lifting the pound.

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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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