Anglo Asian Mining (GB:AAZ) has released an update.
Anglo Asian Mining PLC reports a challenging first half of 2024 with a production decline due to suspended processing activities, leading to a revenue drop to $13.4 million and a loss before taxation of $5.5 million. Despite these setbacks, the company has maintained its full-year production guidance of 15,000 to 19,500 gold equivalent ounces, thanks to receiving government authorization to raise its tailings dam wall and restart full production. With the development of the new Gilar mine and a robust growth strategy, Anglo Asian Mining is set to scale up production towards becoming a mid-tier producer.
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