Anglo Asian Mining increases production in Azerbaijan by 7%

In the first half of 2019, Anglo Asian Mining PLC (AAM), a producer of gold in Azerbaijan, produced nearly 40,000 ounces of gold equivalent, which is by seven percent more than in the same period last year, Trend reports with reference to the company.

During the reporting period, gold production increased by 3.3 percent compared to the same period last year (33,000 ounces) and amounted to 34,394 ounces.

In the first six months of this year, 963 tons of copper were produced, with an increase of 39 percent. Silver production in the first half of 2019 was reached 84,580 ounces, which is by 0.3 percent less than last year.

AAM believes that this gives reason to believe that the company will fulfill the forecasts by the end of the year, and production will range within 82,000-86,000 ounces of gold equivalent.