Anglo Asian Mining (AAZ)

Sector:

Mining

Index:

FTSE AIM All-Share

147.50p
   
  • Change Today:
    -2.50p
  • 52 Week High: 155.00
  • 52 Week Low: 58.00
  • Currency: UK Pounds
  • Shares Issued: 114.39m
  • Volume: 98,470
  • Market Cap: £168.73m
  • RiskGrade: 310

Anglo Asian signs new credit facility with local bank

By Josh White

Date: Thursday 09 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Gold, copper and silver producer Anglo Asian Mining has signed a new revolving credit facility agreement with the International Bank of Azerbaijan, it announced on Thursday.
The AIM-traded firm said the seven-year facility, worth AZN 55m (£27.18m), was entered into through its wholly-owned operating subsidiary, Azerbaijan International Mining Company (AIMC).

It said the credit facility would provide both additional finance and operational flexibility for its expansion plans, with no drawdown made as yet.

The board said the agreement was a significant milestone in the company's efforts to implement its medium-term growth plans, with the ultimate goal of establishing itself as a mid-tier copper-focused mining company.

"We are pleased to sign a new revolving credit facility with the International Bank of Azerbaijan, another milestone in the preparation of rolling out our medium-term operational expansion plans," said chief executive officer Reza Vaziri.

"The facility was negotiated on a non-secured basis which demonstrates the confidence of local Azeri financial institutions in our business.

"We see considerable potential across our portfolio of exploration and development stage assets and look forward to driving the company's progression with this additional capital support."

At 1302 GMT, shares in Anglo Asian Mining were down 2.83% at 103p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AAZ Market Data

Currency UK Pounds
Share Price 147.50p
Change Today -2.50p
% Change -1.67 %
52 Week High 155.00
52 Week Low 58.00
Volume 98,470
Shares Issued 114.39m
Market Cap £168.73m
RiskGrade 310

AAZ Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
6.11% above the market average6.11% above the market average6.11% above the market average6.11% above the market average6.11% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
91.70% above the market average91.70% above the market average91.70% above the market average91.70% above the market average91.70% above the market average
74.44% above the sector average74.44% above the sector average74.44% above the sector average74.44% above the sector average74.44% above the sector average
Income Not Available
Growth
83.53% below the market average83.53% below the market average83.53% below the market average83.53% below the market average83.53% below the market average
81.48% below the sector average81.48% below the sector average81.48% below the sector average81.48% below the sector average81.48% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

AAZ Dividends

  Latest Previous
  Final Interim
Ex-Div 29-Jun-23 29-Sep-22
Paid 27-Jul-23 03-Nov-22
Amount 4.00¢ 4.00¢

Trades for 30-May-2025

Time Volume / Share Price
16:48 585 @ 145.00p
16:48 585 @ 145.00p
16:42 585 @ 147.50p
16:37 650 @ 147.50p
16:37 650 @ 147.50p

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