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Thought it worthbring to your attention as news by end of August,via laresr RNS.

RNS Number : 3987Q
Anglo Asian Mining PLC
03 August 2010
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Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining
3 August 2010
Anglo Asian Mining plc ('Anglo Asian' or 'the Company')
Phase I of the Realistic Mineral Resources Model Report - Gedabek Update

Anglo Asian Mining plc, the AIM quoted gold producer, announces that it has been
advised by its mining consultants, SGS Mineral Services ('SGS'), that the final
JORC compliant resource results of Phase I of the Realistic Mineral Resources
Model Report ('the Report') at the Company's Gedabek gold/copper mine in
Azerbaijan ('Gedabek'), are now expected to be available by the end of August
2010. The resource upgrade, which SGS has indicated will exceed existing
figures by at least 50% for the measured, indicated and inferred gold, copper
and silver metal contents at Gedabek (RNS:13 April 2010), is well progressed,
however additional work required at the modelling stage has necessitated a
longer timetable than expected. Gedabek's resource currently stands at 702,000
ounces of gold, 37,500 tonnes of copper and 6,100,000 ounces of silver.

The Report represents the first phase of SGS's work; the second phase of the
project will involve in-fill drilling to increase the reliability of the results
obtained from the original drill holes and for metallurgical/environmental
assessment of the mineralisation. This work is expected to be completed in Q4
2010/Q1 2011 and will increase the Board's confidence in the new resource
evaluations. It is the Board's intention to prepare a new Mineral Reserves
Statement after completion of the second phase of the project in order to comply
with the JORC Code for producing mines by first half of 2011.
**ENDS**

http://www.investegate.co.uk/Article.aspx?id=201101100700051330Z
http://www.investegate.co.uk/Article.aspx?id=201104060700073739E

http://www.investegate.co.uk/Article.aspx?id=201105260700112995H

http://www.investegate.co.uk/Article.aspx?id=201107110700080987K


http://www.kitco.com
 Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining 15 June 2011 Anglo
http://www.investegate.co.uk/Article.aspx?id=201110250700257564Q
http://www.investegate.co.uk/Article.aspx?id=201205100700130166D
http://www.investegate.co.uk/Article.aspx?id=201205230700128773D
http://www.investegate.co.uk/Article.aspx?id=201206070700058471E
http://www.moneyam.com/action/news/showArticle?id=4448509
http://www.investegate.co.uk/Article.aspx?id=201210080700051083O
http://www.investegate.co.uk/anglo-asian-mining-%28aaz%29/rns/q4-2012-production-and-operations-update--gedabek/201301090700061182V/
http://www.investegate.co.uk/anglo-asian-mining--aaz-/rns/gedabek---gosha-gold-mining-update-azerbaijan/201309110700106797N/
http://www.investegate.co.uk/anglo-asian-mining--aaz-/rns/interim-results/201309260700089223O/
http://www.investegate.co.uk/anglo-asian-mining--aaz-/rns/record-gold-production-q3-2013---gedabek/201310100700081597Q/
http://www.moneyam.com/action/news/showArticle?id=4728736

Anglo Asian Mining* (LON:AAZ) – Accounting treatment causes company to warn on results

• Anglo Asian Mining today report that it expects its company results to be ‘significantly reduced’.

• The company is in the process of preparing its financial results for last year and expects profits to be hit by higher sales costs and by ‘accounting treatment’.

• The revaluation the cost of inventory carried such as copper concentrates, stockpiled ore and gold within the circuit may account for much of the accounting adjustment for the results.

• We believe the company’s cash balance of $5.4m at end 2013 should not be affected.

• The company remains cash generative and continues to pay down its debt with $51.7m outstanding at the end of last year.

• The statement is disappointing but we do not see the accounting treatment of the forthcoming results to affect the running of the company.

• We forecast Anglo Asian’s total operating cash costs to be around US$641/oz for 2014 and US$585/oz 2015. These costs do not include administration and do not account for the impact of the PSA, production share agreement.

• We will revise our forecasts on publication of the results.

Conclusion: The revaluation of the cost of inventory should not impact the operation of the business. Gold production is forecast to remain steady at 64,500oz this year and 71,000oz in 2015 (our forecast) with lower grade gold ore from the Gedabek mine sweetened by higher grade ore from the new Gosha gold mine.

The company reported potential for new high grade gold and copper resources just 400m to the north of the Gedabek gold mine in January. We continue to look forward to further news on this front.

* SP Angel acts as Nomad & Broker to Anglo Asian Mining

StockMarketWire.com 14th Jan 2016

Anglo Asian Mining saw significant growth for its flagship Gedabek mine in Azerbaijan in 2015.

Gold production for Q4 totalled 17,930 ounces with 12,996 ounces from the agitation leaching plant, 4,593 ounces from heap leach operations, 6 ounces from SART processing and 335 ounces from flotation (Q3 2015: total 18,164 ounces).

Copper production for Q4 2015 totalled 335 tonnes, 205 tonnes from SART processing and 130 tonnes from flotation (Q3 2015: 216 tonnes).

Silver production for Q4 2015 totalled 17,710 ounces with 1,373 ounces from the agitation leaching plant, 485 ounces from heap leaching operations, 6,589 ounces from SART processing and 9,263 ounces from flotation (Q3 2015: total 4,439 ounces).

Anglo Asian's FY 2015 production was:
- Gold: 72,032 ounces, a 19% increase over FY 2014 production of 60,285 ounces

- Copper: 969 tonnes of copper, a 24% increase over FY 2014 production of 784 tonnes

- Silver: 28,626 ounces, an 8% decrease on FY 2014 production of 31,177 ounces

Chief executive Reza Vaziri commented, "This has been a significant year of growth for Anglo Asian at our flagship Gedabek mine in Azerbaijan. Gold production was the highest recorded and we met our production target set at the beginning of 2015. Gold production in the year increased 19 per cent. to 72,032 ounces and copper production increased 24 per cent. to 969 tonnes.

"With production at Gedabek increasing, the successful launch of our flotation plant in Q3 2015 and our continuing plant optimization to improve efficiencies and cost controls, I believe we have delivered on our turnaround strategy this year to return Anglo Asian to profitability. I look forward to reporting on our developments during the course of 2016 as we continue our momentum of establishing Anglo Asian as a leading mid-tier gold and copper producer in Caucasia."

StockMarketWire.com
Anglo Asian Mining has confirmed a new gold discovery, 'Ugur', within its Gedabek licence area in western Azerbaija.

This is in line with the company's strategy to continue to expand the potential resource at the Gedabek Licence. Ugur provides significant potential upside to the company's future gold production. Highlights:

- Gold exploration target discovered 3 kilometres north-west of the Company's agitation leaching plant and heap leach facilities at its Gedabek Licence

- Positive assay results returned from chip samples and reverse circulation drilling

* All drill holes ended in oxide mineralisation

* Preliminary testwork results yielded an average recovery of gold of 87 per cent. suggesting the oxide zone is amenable to leaching

- Initial Phase II core drilling programme has commenced to determine overall depth and style of mineralisation with a view to increase resources

- Detailed geological structural and alteration mapping has started and additional trenching is also planned before the end of 2016

- Significant upside potential as target has only been partially drilled and initial field mapping suggests that the area is open along strike

- Additional exploration target defined in the expanded Ugur area

* Based on similar alteration and geomorphological position to the Ugur deposit located approximately 1,500 metres south of the current Ugur drilling area

* Further evaluation planed as part of the 2017 field work programme

Anglo Asian chief executive Reza Vaziri said, "In line with our strategy to increase our gold production, we are constantly evaluating the upside surrounding our producing mines and the discovery of the Ugur deposit has the potential to add significantly to our gold resources and reserves and hence our future production at Gedabek.

"Having recently returned to profitability, and following the completion of several operational initiatives to improve efficiencies and lower costs at Gedabek, I believe Anglo Asian is now well positioned to expand its mineable reserves which will lay the foundations for long term and sustainable production from multiple deposits at Gedabek.

"This is an exciting time for the Company and I look forward to updating shareholders on our progress as we look to unlock the potential from this new target and increase value for our shareholders in the process."

superb chart.

One to watch.

AGM Statement
RNS
RNS Number : 6603J
Anglo Asian Mining PLC
30 June 2017
 
Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector Mining
30 June 2017
Anglo Asian Mining plc
Annual General Meeting Statement
 
Anglo Asian Mining plc ("Anglo Asian" or "the Company"), the AIM listed gold, silver and copper producer in Azerbaijan, is holding its annual general meeting ("AGM") at 10.30 am today at The Washington Mayfair Hotel, 5 Curzon Street, Mayfair, London W1J 5HE.  At the meeting Reza Vaziri, the Company's CEO, will make the following statement:
 
"I am very pleased with the return of the Company to profitability in 2016, which has been a very significant achievement, and is evidence of our success over the last several years to transform its performance. Our full year 2016 results, announced last month, showed a small increase in total revenue to $79 million. The all in sustaining cost of production of gold reduced significantly from $858 per ounce for 2015 to $616 per ounce for 2016 and as a result the Company recorded a profit before taxation of $6.8 million. This return to profitability went in hand-in-hand with excellent cash generation, with an 82 per cent. increase in operating cash flow before movements in working capital to $34 million, and net debt reduced by $14 million to $35 million at the end of 2016.
 
"Operationally, we are seeing the mineral composition of our ore evolve over time with an increasing copper content and this has been reflected in both our processing strategy and production. Looking firstly at our production in 2016 - the major theme was a large upswing in copper production, off-setting reduced gold production, and we expect this trend to continue moving forwards.  We reported full year copper production for 2016 of 1,941 tonnes, a 100 per cent.  increase on the previous year. Silver production also increased 477 per cent. to 165,131 ounces. Production of both copper and silver was significantly increased by our flotation plant, which had its first full year of production in 2016. It produced 6,339 dry metric tonnes of concentrate containing 1,121 tonnes of copper, 4,430 ounces of gold and 122,965 ounces of silver during 2016. Gold production totalled 65,394 ounces at an average all in sustaining cost of $616 per ounce and was sold at an average sales price of $1,253 per ounce - clearly demonstrating our now very healthy production margin.
 
"These excellent financial and production results reflect the ongoing success of our long-term plan of sustainability and cost reduction. Key components of this strategy for the current year are the extensive exploration and production optimisation of the main open pit and the Gadir underground mines and the start of production of the newly discovered Ugur gold ore body. We are also testing a new configuration of the flotation and agitation leaching plants to give us added flexibility in processing. We have extensive stockpiles of ore which can now be processed whilst mining is temporarily paused during exploration and production optimisation. With this in mind, we have declared a production target for FY 2017 of between 64,000 gold equivalent ounces (GEOs) and 72,000 GEOs, which is a modest reduction on last year's production of 72,304 GEOs during this important phase of exploration and optimisation.
 
"Finally, I would like to take this opportunity to thank our shareholders for their continued support throughout the past year and to express our optimism for the rest of 2017 and into 2018."
 
**ENDS**

Is no one following this company in this chat?
Many years since I logged on here.

Great things going on at AAZ.
Happy to update if there is some interest?

2018 going to be a great year for a company with a valuation of below £50m.

Gold equivalent production going to be above 80000oz with low cost.

I was watching it in 2016 when the sp was at 4p, then forgot about it! :o(

I visited the mine at the end of october.
Lots going on there.
This company is way undervalued by the market.