Anglo Asian Mining ( (GB:AAZ) ) just unveiled an announcement.
Anglo Asian Mining has announced its 2025 production guidance, expecting significant increases in both gold and copper output due to the opening of the Gilar mine. The company forecasts gold production of 28,000 to 33,000 ounces and copper production of 6,500 to 6,800 tonnes, marking a pivotal year as it shifts towards a higher proportion of copper production. This expansion is anticipated to result in the highest annual turnover for the company, positioning it for future growth with additional copper assets planned for development.
More about Anglo Asian Mining
Anglo Asian Mining PLC is a gold, copper, and silver producer with a focus on Azerbaijan. The company has a strategic plan to transition to a multi-asset, mid-tier copper and gold producer by 2029, with copper becoming the principal product. It aims to achieve this growth by bringing four new mines into production between 2025 and 2029.
YTD Price Performance: 5.63%
Average Trading Volume: 45,040
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £128.5M
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