Anglo Asian Mining PLC

We are pleased to announce our production guidance for FY 2024 of between 16,000 and 19,500 gold equivalent ounces as we restart operations following receipt of authorisation to raise our tailings dam wall.     The first stage of the tailings dam wall raise is expected to be completed within 3 months, while our agitation leaching plant has undergone extensive renovation and refurbishment works during the last 12 months. We also expect first ore to be mined from Gilar in December.   To read the full announcement, click here: https://lnkd.in/ebMfWCXP   #AngloAsian #Mining #Azerbaijan #Gold #Copper

We are delighted to announce that our subsidiary, Azerbaijan International Mining Company Limited, has received authorisation from the Government of Azerbaijan to raise the wall of its tailings dam.   Work on raising the tailings dam will start immediately, and the Company is now mobilising resources to restart production from its agitation and flotation processing plants.   To read the full announcement, visit: https://lnkd.in/e77hvTnw   #AngloAsian #Mining #Azerbaijan #Gold #Copper #Silver #Tailings

This morning, Anglo Asian Mining released its Production and Operations Review for Q2 and H1 2024, with production having been impacted by the partial shutdown of operations. The Company expects the administrative formalities relating to the tailings dam wall raise to be completed imminently and will provide an update when able to.   To read the full release, click here: https://lnkd.in/e4qy6f99   #AngloAsian #Mining #Azerbaijan #Copper #Gold #Silver

This morning, Anglo Asian Mining announced amendments to its production sharing agreement held by its subsidiary, Azerbaijan International Mining Company Limited, with the current local party, the Ministry of Ecology and Natural Resources, being replaced by "AzerGold" CJSC in line with usual business practice in Azerbaijan.   To read the full announcement, visit: https://lnkd.in/eCZXQaac   #AngloAsian #Mining #Azerbaijan #Gold #Copper #Silver #PSA

We were pleased to present at Proactive’s #One2One Investor Forum in London this week. To hear our CFO, Bill Morgan, and Vice President, Stephen Westhead, provide an update on the company's growth strategy, as well as ongoing operations and other updates, please watch the video below.   #AAZ #Azerbaijan #investor #Proactive

This morning, we held our Annual General Meeting, where Reza Vaziri, President and Chief Executive, provided a summary of the year and highlighted our growth strategy to become a mid-tier producer with a portfolio dominated by copper within the next five years.   To read the full statement visit: https://lnkd.in/eWH8uAAA   #AngloAsian #AGM #mining #Azerbaijan #gold #copper #shareholders

We have secured a $5 million prepayment agreement with Trafigura Pte Ltd for copper concentrate, providing additional financial support and enhancing our operational flexibility as we restart and scale our operations. We are continually exploring financing options to help maintain the Company’s robust financial health and support our medium-term growth plan to transition into a mid-tier copper-focused producer. To read the full announcement, click here: https://lnkd.in/evRWuib6 #AngloAsian #Mining #Azerbaijan #Gold #Copper #Trafigura"

Following our delivery of a fleet of Caterpillar Inc. underground mining equipment last year which is critical to the delivery of our growth strategy, we are pleased to have signed a Vendor Financing Facility Agreement with Caterpillar Financial Services.   This is the first time such financing has been provided to a customer in Azerbaijan, and the first time this equipment has been delivered to a customer in Azerbaijan and the Caucasus region, crystalising our already strong relationship with Caterpillar and reducing our capex exposure.   To read more, click: https://lnkd.in/ekXzZ7DB   #AngloAsian #Mining #Azerbaijan #Caucasus #Gold #Copper #Caterpillar #MiningEquipment #UndergroundMining

We were pleased to be featured in AIM Journal as an example of how established AIM-listed gold producers can continue to create meaningful value for shareholders in a challenging market. While many investors are turning away from junior mining companies to investment products like ETFs and cryptocurrencies, AIM Journal highlights that investors should continue to pursue equities with strong records of shareholder returns over the long-term. Read the full article here: https://lnkd.in/eN9jQ3gc #AAZ #AIM #AIMJournal #Azerbaijan #copper #gold #mining

We were pleased to contribute to an article in Mining Technology & MINE Magazine examining advancements in global tailings management standards and the increasing pressure from investors on mining companies to adhere to such standards.   Having recently committed to the Global Industry Standard on Tailings Management, we remain committed to prioritising sustainable and safe operations across all our developments.   To read the full article, visit: https://lnkd.in/etNtxyin #AAZ #Azerbaijan #copper #gold #mining #tailings