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Anglo Asian targets tripling copper output in pivotal 2026 growth year

Story Highlights
  • Anglo Asian Mining expects copper to become its primary product in 2026, driven by increased output from its new Gilar and Demirli mines in Azerbaijan.
  • The company forecasts nearly tripled copper production and higher gold and silver volumes in 2026, with costs remaining competitive to support its transition toward mid-tier producer status.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Anglo Asian targets tripling copper output in pivotal 2026 growth year

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

Anglo Asian Mining has issued its 2026 production and cost guidance, marking its first full year as a multi-asset producer in Azerbaijan. The company expects copper to become its primary product as it ramps up output from the newly opened Gilar and Demirli mines, building on its existing Gedabek operations.

Group copper production is forecast to nearly triple in 2026 to between 20,000 and 25,000 tonnes, while gold output is guided at 28,000 to 33,000 ounces and silver at 170,000 to 210,000 ounces. All-in sustaining costs are projected to remain competitive, supporting management’s strategy to deliver another year of strong growth and advance its transition toward mid-tier producer status.

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-quoted copper, gold and silver 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 strategic plan to become a multi-asset, mid-tier copper and gold producer by 2030, targeting annual copper output of 50,000 to 55,000 tonnes through new mines including Xarxar, Garadag, Zafar, Gilar and Demirli.

Average Trading Volume: 158,428

Technical Sentiment Signal: Buy

Current Market Cap: £331.6M

For an in-depth examination of AAZ stock, go to TipRanks’ Overview page.

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