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Last 7.80 GBp
Change Today +0.175 / 2.30%
Volume 15.0K
AAZ On Other Exchanges
Symbol
Exchange
London
OTC US
Stuttgart
As of 12:35 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

anglo asian mining plc (AAZ) Snapshot

Open
7.63 GBp
Previous Close
7.63 GBp
Day High
7.80 GBp
Day Low
7.63 GBp
52 Week High
04/17/14 - 19.75 GBp
52 Week Low
02/25/15 - 3.13 GBp
Market Cap
8.7M
Average Volume 10 Days
292.4K
EPS TTM
-0.09 GBp
Shares Outstanding
111.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ANGLO ASIAN MINING PLC (AAZ)

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anglo asian mining plc (AAZ) Details

Anglo Asian Mining PLC is engaged in the mining and exploration of gold, copper, and silver assets. The company has prospective exploration assets covering approximately 1,962 sq km that are held under a production sharing agreement with the Government of Azerbaijan. Its primary asset is the Gedabek gold/copper mine located in Western Azerbaijan. The company is based in Baku, Azerbaijan.

555 Employees
Last Reported Date: 06/4/14

anglo asian mining plc (AAZ) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

anglo asian mining plc (AAZ) Key Developments

Anglo Asian Mining plc Reports Unaudited Production Results for the Fourth Quarter and Full Year Ended December 31, 2014; Announces Net Debt for the Year Ended December 31, 2014

Anglo Asian Mining PLC reported unaudited production results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported the company gold production for fourth quarter 2014 increased to 17,053 ounces with 10,176 ounces from the agitation leaching plant, 6,827 ounces from heap leach operations and 50 ounces from SART processing (third quarter 2014: total 16,178 ounces). Copper production for fourth quarter 2014 totalled 205 tonnes from SART processing (third quarter 2014: 210 tonnes). Silver production for fourth quarter 2014 totaled 3,749 ounces with 345 ounces from the agitation leaching plant, 366 ounces from heap leaching operations and 3,038 ounces from SART processing (third quarter 2014: total 5,504 ounces). Gold sales of 13,272 ounces at an average of $1,201 per ounce. Copper concentrate shipments to the customer totaled 391 dry metric tonnes ('dmt'), containing 232 tonnes. For the year, the company reported gold production was 60,285 ounces 16% increase over Fiscal Year 2013 production of 52,107 ounces. Copper was 784 tonnes of copper 140% increase over Fiscal Year 2013 production of 327 tonnes. Silver was 31,177 ounces 53% decrease over Fiscal Year 2013 production of 65,939 ounces. Copper concentrate sales of 1,316 dmt generating $4.4 million in sales proceeds for Fiscal Year 2014. Gold sales of 50,615 ounces of gold at an average of $1,267 per ounce. For the year, net debt was $52.4 million.

Anglo Asian Mining plc Announces a JORC Compliant Ore Reserve Statement for its Gedabek Gold/Copper/Silver Mine Located in Western Azerbaijan

Anglo Asian Mining plc announced a JORC compliant ore reserve statement for its Gedabek gold/copper/silver mine located in western Azerbaijan. Total JORC ore reserve for the Gedabek open pit as of 1 September 2014 is 20.5 million tones of ore grading 1.03 grammes per tone of gold (682,000 ounces), 0.50% copper (102,000 tones); and 7.35 grammes per tone of silver (4.84 million ounces). The ore reserve estimate, when compared to the previous estimate of May 2012 (20.3 million tones at 1.14 grammes per tone of gold, 9.46 grammes per tone of silver and 0.29% copper), indicates an increase of approximately 3.9 million tones of ore, after allowing for mining depletion between 31 December 2011 and 1 September 2014. The ore reserve estimate is based on the latest resource statement of May 2014 of 61.8 million tones of ore grading 0.73 grammes per tone of gold (1.45 million ounces), 0.23% copper (144,000 tones); and 5.26 grammes per tone of silver (10.46 million ounces) in the Measured and Indicated categories. The contained copper in the ore reserve estimate has increased by 72% to 102,000 tones and the recoverable copper increased by over 570% to 76,000 tones compared to 11,000 tones in the May 2012 ore reserve statement. The increase in recoverable copper is a result of the company's evolving strategy to turn Gedabek into a poly-metallic mine by introducing a flotation plant to process sulphide ore with a high copper content which is currently being mined. The ore reserve estimate does not include an estimated 70,000 ounces of gold, which is either stacked in leach pads, included in the company's stockpiles or in circuit in the company's agitated leach plant.

Anglo Asian Mining PLC Provides Production Guidance of the Year Ending December 31, 2014

Anglo Asian Mining PLC revised production guidance for the 12 months ending December 31, 2014. For the period, the company targeted gold production for fiscal year 2014 revised from circa 62,000 ounces to circa 60,000 ounces due to the continuing high copper content of the ore mined. The reduction in targeted gold production is a result of lower than forecast production since the beginning of November 2014. Production has been adversely affected by lower than anticipated agitated leach plant throughput due to ore feed being harder than predicted and lower recoveries due to the high copper content of the ore continuing longer than expected. As a result of the decreased production target and the recent decline in gold price, the Board of Directors of the company expects the Company's loss after tax for the year ending December 31, 2014 to be materially higher than market expectations.

 

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