Anglo Asian Mining Expects Gold Production To Soar In Azerbaijan



Anglo Asian Mining PLC expects gold production to be around 78,000-84,000 ounces in 2018 in Azerbaijan, President & CEO of the company Reza Vaziri told Trend.

He said that it is expected 2018 production to be at top of the range.

Vaziri said that the production is growing strongly, adding that the company commissioned a second crusher, which is a major upgrade to the production facilities.

"This has been a very exciting and successful year for the company. We also started a comprehensive geological exploration program to identify future mining opportunities and released a current Joint Ore Reserves Committee (JORC) report for our main open pit mine.

Financially, 2018 is a landmark year as the company returned to net cash and last, but certainly not least for our shareholders, paid its first dividend," the CEO underlined.