Anglo Asian Mining (GB:AAZ) has released an update.
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Anglo Asian Mining PLC reported a challenging year with revenues of $45.9 million and a loss before taxation of $32.0 million for FY 2023, due to suspended operations and lower production from aging mines. The company made significant progress in asset development, confirming substantial mineral resources, and remains focused on its growth strategy to become a mid-tier copper miner by 2028. Despite the adversity, management is optimistic about the future, underpinned by a strong asset portfolio, buoyant commodity prices, and a skilled team.
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