viewAnglo Asian Mining PLC

Anglo Asian Mining PLC has well established and successful track record of exploration and production in Azerbaijan


Exploration could turn Anglo Asian's ground into a mining camp


Quick facts: Anglo Asian Mining PLC

Price: 136.45 GBX

Market: AIM
Market Cap: £156.09 m
  • Azerbailan-focused miner copper, gold and silver miner

  • Directors hold significant stakes

  • Exploration could turn Anglo Asian's ground into a mining camp

How it's doing?

For the year ended December 31, 2019, the Azerbaijan-focused miner reported a pre-tax profit of US$30.1mln, up 19% on the prior year, while revenues increased 2% to a record level of US$92.1mln.

The production forecast for 2020 was “unchanged” at between 75,000 to 80,000 gold equivalent, it said alongside the numbers.

In May, it added that it would focus on five new exploration discoveries at the company’s projects in Azerbaijan that have the potential to “significantly increase the production and mine life” of the company.

Gold and copper mineralisation existed on or near the surface for each discovery giving “good potential for mine development”, with production anticipated from 2022 onwards, the miner said.

What the boss says: Reza Vaziri, chief executive

“We have developed extensive work programmes for each of these [five discovery] projects and this work will be a key focus for the company in the near to medium term".

"This current plan demonstrates our confidence in the abundant resource base of the company, which we believe will continue to generate significant shareholder value."


Inflexion points

  • Details about the possible transaction with Azerbaijan government
  • Gets full benefit of strong gold price
  • Exploration boosts resources across its three mines


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Anglo Asian Mining PLC named herein, including the promotion by the Company of Anglo Asian Mining PLC in any Content on the Site, the Company...



Gold continuing to prove its worth as a hedge against inflation

Mining Capital's Alastair Ford says gold's been an investor favourite this year with the coronavirus crisis dictating the narrative for much of 2020. ''Gold has consistently performed well after that initial dip when the markets suddenly reacted and gold was sold off for a brief period .. since...

1 week, 5 days ago

2 min read