the_shareminator read it again8 Feb 2019 15:19
Production Guidance for Full Year 2019
Full Year 2019 Metal Production Guidance of 82,000 to 86,000 Gold Equivalent Ounces Building on Record 2018 Production
Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM listed gold, copper and silver producer focused in Azerbaijan, is pleased to announce its highest ever production guidance for the year ended 31 December 2019 ("FY 2019").
Overview
· Forecast metal production for FY 2019 of between 82,000 to 86,000 gold equivalent ounces ("GEOs") compared to FY 2018 production of 83,736 GEOs (2018 production guidance of 78,000 to 84,000 GEOs)
· Forecast production for FY 2019 of between 65,000 to 67,500 ounces of gold (FY 2018: 72,798 ounces of gold produced) and between 3,100 to 3,300 tonnes of copper (FY 2018: 1,645 tonnes of copper produced)
· Increase in copper production during 2019 resulting from a full year stand-alone operation of the flotation plant offset by lower gold grades of ore processed by the agitation leaching plant
· Between 28,000 to 30,000 GEOs of FY 2019 production in the form of copper and gold concentrate compared FY 2018 production of 17,791 GEOs