Top Page
Anglo Asian Mining
(LSE:AAZ)
Anglo Asian Mining (AAZ) vs. iShares MSCI United Kingdom ETF (EWC)
Anglo Asian Mining Business Overview & Revenue Model
Anglo Asian Mining Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 67.14M | 39.59M | 45.85M | 84.72M | 92.49M | 102.05M |
| Gross Profit | 5.40M | -10.07M | -4.46M | 15.76M | 18.02M | 41.73M |
| EBITDA | 11.88M | -6.66M | -19.18M | 25.44M | 28.80M | 56.65M |
| Net Income | -8.76M | -17.50M | -24.24M | 3.66M | 7.36M | 23.22M |
Balance Sheet | ||||||
| Total Assets | 156.41M | 146.63M | 154.64M | 181.18M | 189.42M | 179.77M |
| Cash, Cash Equivalents and Short-Term Investments | 5.27M | 886.00K | 4.48M | 20.41M | 37.45M | 39.03M |
| Total Debt | 22.52M | 23.78M | 23.20M | 2.71M | 3.29M | 1.95M |
| Total Liabilities | 84.38M | 79.25M | 69.84M | 67.67M | 71.00M | 57.81M |
| Stockholders Equity | 72.03M | 67.37M | 84.69M | 113.51M | 118.42M | 121.96M |
Cash Flow | ||||||
| Free Cash Flow | 6.28M | -2.49M | -24.33M | -3.83M | 12.24M | 33.80M |
| Operating Cash Flow | 16.81M | 8.58M | 939.00K | 13.49M | 26.02M | 49.54M |
| Investing Cash Flow | -12.35M | -10.82M | -31.84M | -20.81M | -15.73M | -15.69M |
| Financing Cash Flow | -1.03M | -1.30M | 15.07M | -9.41M | -11.62M | -12.80M |
Anglo Asian Mining Technical Analysis
Anglo Asian Mining Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | £181.76M | 6.27 | 35.69% | ― | 44.89% | 120.82% | |
77 Outperform | £233.97M | 6.71 | 50.11% | ― | 61.98% | 164.33% | |
69 Neutral | £313.30M | ― | -7.90% | ― | 26.71% | -119.70% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | £231.54M | -33.98 | -11.68% | ― | 129.53% | 70.68% |
Anglo Asian Mining Corporate Events
Anglo Asian Mining has commenced copper concentrate sales from its new Demirli mine, selling 2,055 wet tonnes of copper concentrate to Trafigura Pte Ltd, generating $3.6 million in provisional gross sales revenue. The establishment of a dedicated logistics centre near Ganja enhances the efficiency of these sales, demonstrating a strong partnership with Trafigura. The company also achieved record ore mining volumes at Demirli, aligning with its growth strategy to increase production.
Anglo Asian Mining has commenced copper concentrate sales from its new Demirli mine, marking a significant step in its growth strategy. The company sold 2,055 wet tonnes of copper concentrate to Trafigura, generating $3.6 million in provisional gross sales revenue. A new logistics center near Ganja has been established to facilitate efficient sales, highlighting the strategic relationship with Trafigura. In November 2025, Anglo Asian achieved record ore mining volumes at Demirli, aligning with its strategy to increase production.
Anglo Asian Mining has launched a new corporate and investor website, marking a significant step in its evolution towards becoming a multi-asset, mid-tier mining company. The rebranding reflects the company’s growth ambitions and operational maturity, with a focus on copper as a key driver of future value. This transition is part of a strategic plan to enhance shareholder disclosure and position the company for increased growth, as it plans to bring three new mines into production by 2030.
Anglo Asian Mining PLC announced the suspension and subsequent restoration of trading of its shares following ACG Metals Limited’s consideration of a potential offer for the company. While no firm offer has been made, Anglo Asian continues to execute its growth strategy, having recently brought two new mines into production and planning further expansions. The announcement has initiated an ‘Offer Period’ under the City Code on Takeovers and Mergers, requiring shareholders to be aware of disclosure requirements. Trading is expected to resume following the announcement, and shareholders are advised to take no action at this time.
Anglo Asian Mining has secured a sales agreement with Trafigura for copper concentrate from its Demirli mine in Karabakh, Azerbaijan, which includes a $25 million revolving prepayment facility. The company has received necessary licenses from the Azerbaijani government to operate the Demirli processing plant and tailings dam, marking a significant step in its operational expansion. The first sale of concentrate is expected by mid-November 2025, enhancing the company’s production capabilities and contributing to its strategic growth plan.
Anglo Asian Mining has announced its total issued share capital consists of 114,492,024 ordinary shares, with 150,000 held in treasury, resulting in 114,342,024 voting rights. This update is relevant for shareholders calculating their interest under FCA’s rules. The company’s strategic growth plan includes developing new mines to significantly increase copper production by 2030, enhancing its industry positioning and stakeholder value.
Anglo Asian Mining PLC reported a record quarterly copper production of 2,287 tonnes in Q3 2025, marking a significant increase due to the commencement of production at the Demirli and Gilar mines. The company has revised its full-year 2025 guidance, expecting copper production between 8,100 to 9,000 tonnes and gold production between 25,000 to 28,000 ounces. This strategic shift towards copper production aligns with the company’s growth strategy, enhancing its industry positioning and operational capabilities.
Anglo Asian Mining has reported a record quarterly copper production of 2,287 tonnes in Q3 2025, marking a significant increase due to the commencement of production at the Demirli and Gilar mines. This strategic shift towards copper production aligns with the company’s growth plans, enhancing its market position and operational capabilities. The company has also revised its full-year guidance for 2025, expecting copper production between 8,100 to 9,000 tonnes and gold production between 25,000 to 28,000 ounces. Despite a slight negative cash flow due to start-up expenses at Demirli, the company maintains a strong focus on cash management and cost controls.
Anglo Asian Mining PLC announced that Ilham Khalilov, a person with managerial responsibilities, has sold 100,000 ordinary shares of the company at a price of £2.05 per share. This transaction, completed over two days, results in Mr. Khalilov having no remaining interest in the company’s share capital, which could impact investor perceptions and the company’s market dynamics.
Anglo Asian Mining plc announced it will release its Q3 2025 Production and Operations Review on 16 October 2025. The company will host a live presentation for existing and potential shareholders, featuring Stephen Westhead and Bill Morgan. This event provides an opportunity for stakeholders to engage with the company’s leadership and gain insights into its operational progress and strategic plans. The company’s ongoing expansion efforts, including the recent commencement of production at the Gilar and Demirli mines, are pivotal to its growth strategy and industry positioning.
Anglo Asian Mining has revised its production guidance for 2025 following the commencement of operations at its new Gilar and Demirli mines. The company expects increased production levels, with copper output projected between 8,100 to 9,000 tonnes and gold production between 25,000 to 28,000 ounces. This strategic shift positions Anglo Asian as a multi-asset producer, aligning with its goal to become a mid-tier company. The expansion of the Gedabek flotation plant and the stockpiling of high-grade ore are expected to enhance future production capabilities, supporting the company’s growth strategy.
Anglo Asian Mining plc has addressed administrative non-compliance issues related to historical dividend distributions and share buy-backs between 2018 and 2022, which were not in accordance with the Companies Act. The company has proposed resolutions to rectify these issues, including deeds of release for directors and shareholders, and a buy-back deed with SP Angel Corporate Finance LLP. These measures ensure no financial penalties and maintain the company’s dividend policy, with no impact on its financial outlook.
Anglo Asian Mining PLC announced the issuance of 100,000 new ordinary shares following the exercise of share options by Ilham Khalilov, a Vice President at the Azerbaijan International Mining Company. This move, expected to be effective by early October 2025, slightly increases the company’s share capital and voting rights, reflecting ongoing strategic management decisions and potentially impacting shareholder interests.
Anglo Asian Mining PLC reported a return to profitability in the first half of 2025, with revenues reaching $40.9 million, a significant increase from the previous year. This financial improvement is attributed to continuous production and strong commodity prices, alongside the commencement of operations at two new mines, Gilar and Demirli. The company’s strategic focus on expanding its copper production capabilities is evident, with the Demirli mine expected to significantly contribute to future output. These developments mark critical milestones in Anglo Asian’s growth strategy, positioning it as a key player in the copper industry and enhancing value for shareholders.