Anglo Asian's mine cuts costs by connecting to grid
30th Nov 2016 09:14
(ShareCast News) - Anglo Asian Mining's Gedabek site has been connected to the Azerbaijan national power grid in order to use cheaper power from diesel generators and enable it to expand production. Connection to the Azerbaijan national power grid is expected to generate annual savings of about $2.3
Read moreAnglo Asian Mining announces new Azerbaijan gold discovery
17th Oct 2016 08:39
(ShareCast News) - Gold, copper and silver producer Anglo Asian Mining announce a new gold discovery named 'Ugur' on Monday, within its Gedabek licence area in western Azerbaijan. The AIM-traded firm said it fell in line with the company's strategy to continue to expand the potential resource at the
Read moreAnglo Asian Mining returns to profit but reduces gold production target
12th Sep 2016 08:50
(ShareCast News) - Azerbaijani gold, copper and silver explorer Anglo Asian Mining returned to profit in the first half of the year, but reduced its target gold production. For the six months ended 30 June, profit before tax increased to $3.5m after a $4.1m loss last year. Revenue decreased slightly
Read moreAnglo Asian production well ahead in first half
14th Jul 2016 14:46
(ShareCast News) - Azerbaijan-focused gold, copper and silver producer Anglo Asian Mining posted an operations and production update for its Gedabek mine in western Azerbaijan on Thursday. The AIM-traded firm said that, for the six months to 30 June, gold production totalled 33,837 ounces, down from
Read moreAnglo Asian Mining takes advantage of strong gold price
29th Jun 2016 14:56
(ShareCast News) - Azerbaijan-focused gold, silver and copper producer Anglo Asian Mining announced on Wednesday that it has taken advantage of the recent strength in the gold price and entered into a transaction to hedge 18,000 ounces of its gold sales for the remainder of 2016. The AIM-traded firm
Read moreAnglo Asian Mining slips into the red as gold price dips
23rd Sep 2014 11:35
Anglo Asian Mining blamed falling gold prices and a slow start to the year's trading for a slide into the red, hitting its shares. The group, whose flagship Gedabek gold, silver and copper mine is in Azerbaijan, made a first half pre-tax loss of $7.5m against a profit of $4.2m a year ago. Anglo sai
Read moreAnglo Asian Mining lifts gold estimates at Azerbaijan pit
5th Jun 2014 13:17
Gold explorer Anglo Asian Mining (AAM) has revealed that its flagship mine in western Azerbaijan contains more gold than it thought. AAM said a study by independent consultants had enabled the group to increase its estimate of resources at the Gedabek gold, copper and silver mine by 29% to 61,795,
Read moreAnglo Asian Mining's annual profit and revenue falls
28th May 2014 15:50
Anglo Asian Mining's annual pre-tax profit declined as revenue was hurt by falling prices. Pre-tax profit came to $1.4m in the year ended December 31st 2013, down from $28.6m a year earlier. Revenue dropped to $70.8m from $73.5m in 2012. Gold sales grew to 46,076 ounces from 42,557 but at an avera
Read moreAnglo Asian Mining signs three-year contract
6th May 2014 11:33
AIM-listed Anglo Asian Mining announced it has signed a three-year contract with Geneva-based logistics group Industrial Minerals for sales of its copper concentrate product. The contract will make both companies exclusive partners for the sale of its copper from Anglo Asian's silver mine in wester
Read moreBAE Chairman shows confidence despite weaker outlook
20th Feb 2014 16:47
The newly appointed Chairman of BAE Systems made a show of faith on Thursday after the group gave a weaker outlook for the year ahead in its final results. Sir Roger Carr, who was promoted from his previous role as a non-executive director at the beginning of this month, acquired himself a stake
Read moreAnglo Asian Mining misses FY production target, profit hit
15th Jan 2014 09:54
Shares in AIM-listed Anglo Asian Mining lost a fifth of their value on Wednesday morning after missing its 2013 production target, causing a 'significant' impact on the company's profitability. Hit by poor weather conditions, for the year gold production at its flagship Gedabek mine totalled 52,06
Read moreAnglo Asian encounters high-grade gold zone north of Gedabek
8th Jan 2014 15:52
Anglo Asian Mining said it has discovered a high-grade gold zone just north of its flagship Gedabek mine in Azerbaijan. The group's 3,000-metre drilling programme revealed additional gold interceptions including six metres of seven grams per tonne (g/t) from 277 metres to 283 metres, 10 metres of 3
Read moreAnglo Asian Mining reports record gold production
10th Oct 2013 10:16
Anglo Asian Mining's shares rose after reporting record gold production in the third quarter at its flagship Gedabek mine in Azerbaijan. The company achieved gold output of 20,242 ounces at Gedabek - the most since the mine first started production in May 2009 - bringing the total for the first ni
Read moreAnglo Asian Mining's half-way figures hit by falling commodities
26th Sep 2013 13:51
Anglo Asian Mining's first half profits have been hit by the falling price of commodities. Pre-tax profit for the first six months fell to $4.2m from the previous year's $10.5m as revenues dipped to $27.6m from $30.1m. The company sold 14,229 ounces of gold at an average price of $1,561 per ounce
Read moreAnglo Asian Mining's 2012 profits hit by fall in production
28th May 2013 08:56
Anglo Asian Mining's 2012 pre-tax profit was 9.4 per cent lower than a year earlier as production declined due to adverse weather conditions. The AIM-listed gold producer reported pre-tax profit of $28m, compared to $31.6m in 2011, reflecting a drop in revenue to $73.5m from $83.8m. Newly appointe
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