tiprankstipranks
Trending News
More News >

Anglo Asian Mining Reports Decreased H1 Production

Anglo Asian Mining Reports Decreased H1 Production

Anglo Asian Mining (GB:AAZ) has released an update.

Confident Investing Starts Here:

Anglo Asian Mining, an AIM-listed producer, reported a significant reduction in H1 2024 production numbers compared to the previous year, with total gold equivalent ounces (GEOs) dropping to 5,270 from 23,391. Despite reduced operations, the company successfully secured all technical and environmental approvals for a critical tailings dam wall raise and received a $5 million prepayment for concentrate sales. CEO Reza Vaziri indicates imminent completion of administrative formalities and anticipates a return to full production and robust metal prices benefiting shareholders.

For further insights into GB:AAZ stock, check out TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App