Anglo Asian Mining tops one million gold equivalent ounces as copper growth accelerates

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

Anglo Asian Mining, the AIM-listed gold, copper and silver producer focused on Azerbaijan, has surpassed a cumulative output of one million gold equivalent ounces since it began operations in 2009. The company has grown from initial heap leach gold and silver production at the Gedabek open pit to operating multiple assets, including the Gilar underground copper-gold mine and the Demirli open pit copper mine, which both started production in 2025.

The verified milestone, reached at the end of January 2026, comprises about 851,000 ounces of gold, 1.9 million ounces of silver and over 30,000 tonnes of copper, underscoring the scale of Anglo Asian’s long-term production base. Management highlights 2026 as a pivotal year, with copper output expected to triple on the back of increased contributions from Gilar and Demirli, reinforcing the group’s transition toward a more copper-weighted portfolio and supporting its ambition to evolve into a mid-tier multi-asset producer, a development of interest to investors tracking its growth trajectory in Azerbaijan’s mining sector.

The most recent analyst rating on (GB:AAZ) stock is a Hold with a £305.00 price target. To see the full list of analyst forecasts on Anglo Asian Mining stock, see the GB:AAZ Stock Forecast page.

Spark’s Take on GB:AAZ Stock

According to Spark, TipRanks’ AI Analyst, GB: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 GB:AAZ stock, click here.

More about Anglo Asian Mining

Anglo Asian Mining is an AIM-listed copper and gold producer with a portfolio of production and exploration assets in Azerbaijan. The company produced 7,915 tonnes of copper and 25,061 ounces of gold in 2025, and is pursuing a strategy to become a multi-asset, mid-tier copper and gold producer by 2030, with copper as its primary product and several additional mines slated for development.

Average Trading Volume: 197,011

Technical Sentiment Signal: Strong Buy

Current Market Cap: £295M

See more insights into AAZ stock on TipRanks’ Stock Analysis page.