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IN BRIEF: Anglo Asian outlines growth plan; backs gold production

ALN

Anglo Asian Mining PLC - Azerbaijan-focused copper and gold producer - Keeps production target of 50,000 to 54,000 gold equivalent ounces for 2023. Says total production in the first half of 2023 was 23,391 gold equivalent ounces. Adds copper production in the first six months of 2023 increased by 45% to 1,860 tonnes from 1,283 tonnes a year prior, while gold production fell by 30% to 14,608 ounces during the same period from 20,906 ounces the year before. Also announces its four-year strategic growth plan, which aims to reach 36,000 tonnes of copper equivalent production by 2028.

Current stock price: 84.89 pence, down 2.4% on Thursday

12-month change: up 0.5%

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