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Anglo Asian Mining ( (GB:AAZ) ) has issued an update.
Anglo Asian Mining reported its Q4 and FY 2024 production results, achieving a total of 16,760 gold equivalent ounces, in line with its guidance. The company resumed full production at its Gedabek site, which significantly increased output compared to the previous quarter. With developments progressing at new sites like Gilar and Demirli, Anglo Asian is poised for growth, despite a year marked by partial production suspensions. Increasing metal prices are expected to positively impact future revenues, while careful financial management kept net debt increase minimal despite operational challenges.
More about Anglo Asian Mining
Anglo Asian Mining plc is a gold, copper, and silver producer with a focus on Azerbaijan. The company is listed on the AIM market and has a portfolio of production and exploration assets. It aims to transition to a multi-asset, mid-tier copper and gold producer by 2028, with copper becoming its principal product.
YTD Price Performance: 1.41%
Average Trading Volume: 61,949
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £123.4M
See more data about AAZ stock on TipRanks’ Stock Analysis page.
