The latest announcement is out from Anglo Asian Mining ( (GB:AAZ) ).
Anglo Asian Mining has commenced ore extraction from its new underground mine, Gilar, located at the Gedabek site in Azerbaijan. The Gilar deposit, confirmed to contain significant copper and gold reserves, marks a critical step in the company’s strategy to become a mid-tier copper-focused producer. With the first ore mined and plans to ramp up production to 50,000-60,000 tonnes per month, Gilar is poised to significantly contribute to Anglo Asian’s growth and operational goals.
More about Anglo Asian Mining
Anglo Asian Mining plc is a gold, copper, and silver producer with a portfolio of production and exploration assets in Azerbaijan. The company aims to transition to a multi-asset, mid-tier copper and gold producer by 2029, with copper becoming its principal product. This growth strategy involves bringing four new mines into production between 2025 and 2029.
YTD Price Performance: 11.27%
Average Trading Volume: 59,875
Technical Sentiment Signal: Sell
Current Market Cap: £135.4M
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