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Mining industry

Anglo Asian Mining Reports Strong Start to 2025 Trading with Improved Earnings

Strategic Insights

— 1 min read

Azerbaijan-focused gold, copper, and silver miner Anglo Asian Mining PLC has reported a strong start to 2025 trading, despite a weaker revenue in 2024. The company posted a pretax loss of USD21.3 million in 2024, narrowing from USD32.0 million a year earlier, due to careful cost control and two material impairments in 2023. However, revenue fell 14% to USD39.6 million from USD45.9 million. Anglo Asian Mining credits the improved earnings to stronger metal prices, which partially offset lower production. The company is guiding gold production of between 28,000 ounces and 33,000 ounces, up from 15,073 ounces in 2024, and copper production of between 6,500 tonnes and 6,800 tonnes.

Key Takeaways:

  • Anglo Asian Mining reported a stronger start to 2025 trading, with improved earnings and production in line with guidance.
  • The company's pretax loss in 2024 narrowed to USD21.3 million from USD32.0 million a year earlier.
  • Revenue fell 14% to USD39.6 million from USD45.9 million, primarily due to lower production.
  • Anglo Asian Mining credits improved earnings to stronger metal prices and careful cost control.
  • The company is guiding gold production of between 28,000 ounces and 33,000 ounces, up from 15,073 ounces in 2024.
  • Copper production is targeted at between 6,500 tonnes and 6,800 tonnes, up significantly from 377 tonnes.
  • Expected turnover is between USD110 million and USD125 million, up from USD39.6 million.
  • Earnings before interest, tax, depreciation, and amortisation is expected to be between USD45 million and USD55 million, swinging from a loss of USD5.4 million.

Statistics:

  • Total production of 16,760 gold equivalent ounces in 2024, down 47% from 31,821 GEOs.
  • Gold bullion sales edged downwards by 3.7% to 15,251 ounces from 15,822 ounces.
  • Average completion price per ounce improved to USD2,432, up 25% from USD1,951.
  • Shares closed up 1.9% at 132.50 pence on Thursday in London.
  • Share price increase of 1.9% to 132.50 pence.

Sources:

  • Alliance News article, reported by Christopher Ward on [undated publication date], mentioning Anglo Asian Mining PLC's 2025 trading performance.

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