Anglo Asian Mining expects rise in full-year gold production
10th Apr 2013 13:05
Anglo Asian Mining said it is on track to meet its gold production target of 60,000 ounces this year despite a decrease in output in the first quarter. The company reported gold production of 8,585 ounces at Gedabek, its flagship mine in Azerbaijan. Sales of 8,725 ounces of gold at an average of
Read moreAnglo Asian Mining reaches copper sales deal with Glencore
17th Dec 2012 09:06
Anglo Asian Mining has signed a contract to sell copper concentrate from its Gedabek mine in western Azerbaijan to commodities giant Glencore International. The AIM listed gold producer will sell 2,500 wet metric tonnes (WMT) and 550 dry metric tonnes of copper concentrate when available from the g
Read moreAnglo Asian first half hurt by harsh weather
27th Sep 2012 13:51
An unseasonably harsh winter at its flagship gold mine Gedabek hurt half year results at aim-listed gold producer Anglo Asian Mining however stronger production levels are anticipated in the second half. Pre-tax profit fell to US$10.5m for the six months ended June 30th 2012 from $14.2m the same ti
Read moreResouces round-up: Anglo Asian, Premier Gold, Dragon Oil
20th Sep 2012 12:46
Premier Gold, a Central Asia-focused gold exploration and development company, has said its exploration programme on the Cholokkaindy licence in Kyrgyzstan collected a total of 2,221 samples in four target areas which indicate that the mineralised system is continuous between these areas. While fina
Read moreResources round-up: Goldstone, Caza, Anglo Asian Mining...
7th Jun 2012 11:59
Exploration company Goldstone has confirmed the wide depth extension of its gold resource at Homase/Akrokerri in West and Central Africa after 46 holes were drilled, totalling 13,200 metres. Included in these, one hole intersected gold mineralisation of 15.7m at 1.4 g/t including 4.5m at 3.3 g/t, wh
Read moreDebt slashed at Anglo Asian Mining
23rd May 2012 10:07
Caucasian miner Anglo Asian Mining hailed 2011 as a successful year and thinks 2012 could see more of the same or even better. Revenue rose to $83.8m from $72.0m in 2010. Profit before tax improved by 605 to $31.6m from $19.8m the year before. Diluted earnings per share rose to 16.47p in 2011 fro
Read moreResources round-up: Enegi, Red Emperor, Range Resources...
14th May 2012 12:47
Enegi Oil's latest results from tests at the PaP-1 well indicate that the connected oil and gas in place associated with Garden Hill South is in excess of 61.5m barrels of stock tank oil initially in place and 117bn cubic feet gas initially in place, with the absolute openhole flow potential expecte
Read moreResources round-up: Altona, Mariana, Aureus ...
3rd Apr 2012 13:09
AIM listed Altona Energy has entered into a memorandum of understanding with Maison Global, a provider of clean energy products to China, which will see the two companies collaborate in the business development of project opportunities for the production of transportation fuels, energy products and
Read moreAnglo Asian Mining increases gold production
20th Jan 2012 12:04
Anglo Asian Mining, an AIM-listed gold producer, was heading higher after revealing positive data at its flagship Gedabek gold/copper mine in Azerbaijan. The firm has achieved an increase in gold production at Gedabek during the fourth quarter of 2011, with output rising quarter-on-quarter from 13
Read moreGold prices double Anglo-Asian profits
20th Sep 2011 08:12
Central Asia focused gold miner, Anglo Asian Mining, saw profits more than double in the first six months of the year as demand for gold pushed up prices. Profit before tax was up 129% to $14.2m, while revenues were up 36% to $38.5m. Anglo Asian sold 24,586 oz of gold at an average of $1,450 per o
Read moreGolden year for Anglo Asian
26th May 2011 13:29
Azerbaijan-focused gold producer Anglo Asian Mining moved firmly into profit last year on the back of booming gold prices. The company made a profit before tax of $19.8m on revenue of $72m in 2010, compared to a loss of $11.7m on sales of $10.3m in 2009. Gold was produced at an average cash operat
Read moreWinter weather holds back Anglo Asian gold output
6th Apr 2011 10:15
Shares in Azerbaijan-focused gold and copper miner Anglo Asian Mining fell back after extreme winter weather held back production in the first quarter of 2011. The company produced 14,028 ounces of gold from its Gedabek mine, which is near Azerbaijan's second city Ganja, 3% higher than the same per
Read moreSainsbury's commercial director goes shopping
11th Jan 2011 17:51
Sainsbury's commercial director Michael Coupe has taken a big chunk of shares ahead of the supermarket operator's trading statement tomorrow. He took 8,621 shares at 390.53 a time, spending nearly £34,000, and now has 798,285. News of the purchase, which was made last week, comes as data from mar
Read moreLondon close: Miners hold back FTSE 100
10th Jan 2011 17:01
The top share index was firmly in negative territory at the close of trading, despite M&A excitement concerning Smith & Nephew The joint replacement specialist jumped more than 10% following reports it turned down a bid approach from US rival Johnson & Johnson just before Christmas. Sticking with
Read moreLondon afternoon: Miners a drag
10th Jan 2011 14:20
Footsie moved sideways over the lunch time trading session. Mining stocks continue to weigh the blue-chip index down, but oil stocks provide some cheer. A decline in copper imports into commodity-hungry China sent prices for the red metal lower. Kazakhmys, which transports copper from its Kazakhsta
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