Last 8.00 GBp
Change Today -0.75 / -8.57%
Volume 113.0K
AAZ On Other Exchanges
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Exchange
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As of 11:35 AM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

anglo asian mining plc (AAZ) Snapshot

Open
8.75 GBp
Previous Close
8.75 GBp
Day High
8.75 GBp
Day Low
8.00 GBp
52 Week High
01/10/14 - 25.75 GBp
52 Week Low
11/21/14 - 8.00 GBp
Market Cap
8.9M
Average Volume 10 Days
50.0K
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 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.

Anglo Asian Mining plc to Construct Small-Scale Flotation Plant at its Gedabek Gold, Copper and Silver Mine in Western Azerbaijan

Anglo Asian Mining plc announced that it has contracted to construct a small-scale flotation plant at its Gedabek gold, copper and silver mine in western Azerbaijan to assess the opportunity to increase its copper production following an increase of over 500%. Planned flotation plant will act as a pilot plant to assess future full-scale copper production and will initially process 379,000 tonnes of stockpiled high copper content sulphide ore to produce a copper and precious metal concentrate. Flotation plant will operate alongside Gedabek's existing agitation and heap leaching operations which produce gold and silver; and the SART plant which produces copper concentrate. Contract placed for up to USD 2.7 million for the turnkey construction of a small-scale flotation plant with a capacity of 20 tonnes per hour of ore. Scheduled total capital cost including capital works and ancillary equipment estimated at USD 3.5 million. Turkish construction company YPT appointed to construct the flotation plant - strong track record with Anglo Asian. They were a contractor for the construction of the agitation leaching plant at Gedabek which was built for USD 7 million under budget in 2013. Flotation plant scheduled to be operational in third quarter 2015.

Anglo Asian Mining Plc Announces Production Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Production Guidance for the Year Ending December 31, 2014

Anglo Asian Mining Plc announced production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported gold production of 16,178 ounces and gold sales was 13,797 ounces. Silver production totaled 5,504 ounces. Copper production from SART processing at Gedabek totaled 210 tonnes. For the nine months, the company reported gold production of 43,232 ounces and gold sales was 37,342 ounces. Silver production was 27,419 ounces. Copper production was 580 tonnes. For the year ending December 31, 2014, the company expects gold production of 62,000 ounces. Copper production targeted from SART for fiscal year 2014 remains at 750 tonnes.

 

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