Anglo Asian boosts processing capacity and advances key Azerbaijan copper projects

Anglo Asian Mining ( (GB:AAZ) ) has shared an announcement.

Anglo Asian Mining has announced significant processing upgrades at its Gedabek and Demirli operations in Azerbaijan, aimed at boosting metal recoveries and supporting higher-grade ore throughput. At Gedabek, the company has installed nine high-efficiency Imhoflot pneumatic flotation cells, enabling better gold and copper recovery from the Gilar mine’s higher-grade ore at a modest cost of about $1.8 million, which is expected to enhance margins and long-term profitability.

Additional improvements at Gedabek include an Energy Efficient Pulp Lifter system to raise milling productivity, an industrial shredder and a new licensed maintenance programme, with further plans to install a fibre optic monitoring system on the tailings dam embankment. At Demirli, both the SAG and ball mills are now operating following gearbox repairs, while bio-heap leach column tests are returning up to 78 per cent copper recoveries, indicating strong potential for future bio-heap leach production.

The company is also advancing feasibility work on its Xarxar and Garadag copper projects, with consultant appointments expected shortly and pilot mining already in progress at Garadag to refine geological and metallurgical planning. These investments in processing capacity and project studies underpin Anglo Asian’s strategy to lift production volumes in the coming years and reinforce its positioning as it builds out its next generation of copper-focused assets.

Spark’s Take on AAZ Stock

According to Spark, TipRanks’ AI Analyst, AAZ is a Neutral.

The score is held down primarily by weak financial performance (declining revenue, negative margins, and deteriorating free cash flow) and valuation that is unattractive/unclear due to negative earnings. These are partially offset by a strong technical trend with the price above all major moving averages and positive momentum indicators.

To see Spark’s full report on AAZ stock, click here.

More about Anglo Asian Mining

Anglo Asian Mining is an AIM-listed copper, gold and silver producer operating a portfolio of production and exploration assets in Azerbaijan. The group produced 7,915 tonnes of copper and 25,061 ounces of gold in 2025 and aims to transition to a multi-asset, mid-tier copper and gold producer by 2030, with copper becoming its principal product as new mines at Xarxar, Garadag and Zafar come on stream alongside Gilar and Demirli.

Average Trading Volume: 214,877

Technical Sentiment Signal: Buy

Current Market Cap: £280.1M

Find detailed analytics on AAZ stock on TipRanks’ Stock Analysis page.