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Anglo Asian Gold Copper Miner (AAZ)     

niceonecyril - 17 Aug 2010 13:50

">Chart.aspx?Provider=EODIntra&Code=AAZ&Si

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
?
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

dreamcatcher - 11 May 2017 17:58 - 104 of 108

One to watch.

dreamcatcher - 30 Jun 2017 15:15 - 105 of 108

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**

- 21 Mar 2018 10:54 - 106 of 108

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.

HARRYCAT - 22 Mar 2018 10:08 - 107 of 108

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

- 27 Mar 2018 16:00 - 108 of 108

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