Anglo Asian Mining plc Reports Strong Production and Cash Flow in H1 2025
Anglo Asian Mining plc has released its production and sales review for the three months to 30 June 2025 (Q22025) and six months to 30 June 2025 (H12025). The company has seen a significant increase in production, with total Q2 2025 production of 8,293 gold equivalent ounces, compared to 2,707 GEOs in the same period last year. The Gilar mine has commenced production, producing 106,510 tonnes of ore in the quarter, grading 1.23 grammes of gold per tonne and 0.84 per cent. copper. The company has also made significant progress at Demirli, with work progressing towards the commencement of production. In terms of sales, Anglo Asian has sold 9,781 ounces of gold bullion at an average price of $3,077 per ounce, and has maintained a strong focus on cash and strict cost control, resulting in positive cash flow of $1.8 million in the Half Year.
Key Takeaways:
- Total Q2 2025 production of 8,293 gold equivalent ounces (Q2 2024: 2,707 GEOs), with significant increases in copper, gold, and silver production
- Copper production of 654 tonnes (Q2 2024: 46 tonnes), a 12-fold increase
- Gold production of 6,086 ounces (Q2 2024: 2,438 ounces), a 2.5-fold increase
- Silver production of 32,033 ounces (Q2 2024: 6,341 ounces), a 5-fold increase
- Total H1 2025 production of 16,378 GEOs (H1 2024: 5,270 GEOs), a 3.1-fold increase in production
- Gilar mine commenced production in May, producing 106,510 tonnes of ore grading 1.23 grammes of gold per tonne and 0.84 per cent. copper
- Significant progress made at Demirli, with work progressing towards commencement of production
- Total gold bullion sales of 9,781 ounces at an average price of $3,077 per ounce (H1 2024: 6,000 ounces at an average price of $2,174 per ounce), a 63% increase in average selling price
- Positive cash flow of $1.8 million in the Half Year, decreasing net debt to $13.0 million as at 30 June 2025 (compared to $14.8 million at 31 December 2024)
- Inventory valued at $7.0 million at 30 June 2025 (31 March 2025: $7.1 million)
Statistics:
- Total Q2 2025 production: 8,293 gold equivalent ounces
- Total H1 2025 production: 16,378 gold equivalent ounces
- Copper production (Q2 2025): 654 tonnes (Q2 2024: 46 tonnes)
- Gold production (Q2 2025): 6,086 ounces (Q2 2024: 2,438 ounces)
- Silver production (Q2 2025): 32,033 ounces (Q2 2024: 6,341 ounces)
- Average gold bullion sales price (H1 2025): $3,077 per ounce
- Positive cash flow (H1 2025): $1.8 million
- Inventory value (30 June 2025): $7.0 million (31 March 2025: $7.1 million)
- Net debt (30 June 2025): $13.0 million (31 December 2024: $14.8 million)
Sources:
- Anglo Asian Mining plc, "Production, Sales and Operational Review for the three months to 30 June 2025 (Q22025) and six months to 30 June 2025 (H12025)", Trend News Agency, 15 July 2025.