Anglo Asian Mining PLC Reports Significant Production Growth in Second Quarter of 2025

Strategic Insights -

Anglo Asian Mining PLC, an Azerbaijan-focused gold, copper, and silver miner, reported a substantial increase in production during the second quarter of 2025. The company produced 8,293 gold equivalent ounces, a significant jump from 2,707 ounces in the same period last year. Copper production also saw a remarkable growth, reaching 654 tonnes, up from 46 tonnes in the prior year. Gold production increased to 6,086 ounces from 2,438 ounces, and silver production rose to 32,033 ounces from 6,341 ounces.

Key Takeaways:

  • Anglo Asian Mining PLC reported production of 8,293 gold equivalent ounces in the second quarter of 2025, a 205% increase from 2,707 ounces in the same period last year.
  • Copper production reached 654 tonnes, a 1,020% increase from 46 tonnes in the prior year.
  • Gold production increased to 6,086 ounces from 2,438 ounces, and silver production rose to 32,033 ounces from 6,341 ounces.
  • The Gilar mine commenced production in May, producing 106,510 tonnes of ore grading 1.23 grammes of gold per tonne and 0.84% copper.
  • Significant progress was made at Demirli, with work progressing towards the commencement of production.
  • The company reported positive cash flow of USD1.8 million in the half year, decreasing net debt to USD13.0 million as at June 30, compared to USD14.8 million at the end of 2024.
  • Chief Executive Reza Vaziri expressed confidence in building on the strong momentum of the first half and providing further updates on the execution of the company's growth strategy.
  • Anglo Asian Mining PLC's stock price stood at 165.11p, down 2.0% in London, with a 1-year change of 90%.

Statistics:

  • 8,293 gold equivalent ounces produced in the second quarter of 2025 (a 205% increase from 2,707 ounces last year).
  • 654 tonnes of copper produced, a 1,020% increase from 46 tonnes last year.
  • 6,086 ounces of gold produced, up from 2,438 ounces last year.
  • 32,033 ounces of silver produced, an increase from 6,341 ounces last year.
  • USD1.8 million positive cash flow in the half year.
  • Net debt decreased to USD13.0 million as at June 30 (compared to USD14.8 million at the end of 2024).
  • 106,510 tonnes of ore produced at the Gilar mine in May.
  • 1.23 grammes of gold per tonne and 0.84% copper grades achieved at the Gilar mine.

Sources:

  • "Anglo Asian Mining PLC Reports production of 8,293 gold equivalent ounces in the second quarter to June 30 from 2,707 GEOs a year prior." (Source: Alliance News, 2025)
  • "Copper production is 654 tonnes multiplied from 46 tonnes a year ago, gold production is 6,086 ounces, up from 2,438 ounces and silver production is 32,033 ounces compared to 6,341 ounces." (Source: Alliance News, 2025)
  • "The Gilar mine commenced production in May with 106,510 tonnes of ore produced in the quarter grading 1.23 grammes of gold per tonne and 0.84 per cent. copper." (Source: Alliance News, 2025)
  • "We look forward to building on the strong momentum of the first half, and to providing further updates on the execution of our growth strategy to become a mid-tier, copper-focused producer," says Chief Executive Reza Vaziri. (Source: Alliance News, 2025)