Anglo Asian Mining (AAZ)

Sector:

Mining

Index:

FTSE AIM All-Share

175.00p
   
  • Change Today:
    -8.50p
  • 52 Week High: 180.00
  • 52 Week Low: 75.00
  • Currency: UK Pounds
  • Shares Issued: 114.39m
  • Volume: 129,481
  • Market Cap: £200.19m
  • RiskGrade: 310

Anglo Asian reports strong second-quarter performance

By Josh White

Date: Tuesday 15 Jul 2025

LONDON (ShareCast) - (Sharecast News) - Anglo Asian Mining reported a strong operational performance in the second quarter of 2025 on Tuesday, with production rising sharply following the launch of its Gilar mine and continued progress at its Demirli project.
The AIM-traded gold, copper and silver miner produced 8,293 gold equivalent ounces in the quarter to 30 June, up from 2,707 ounces a year earlier.

That took first-half output to 16,378 gold equivalent ounces, more than triple the same period last year.

The company produced 1,188 tonnes of copper, 12,115 ounces of gold and 62,354 ounces of silver in the first six months of the year.

Gilar, which started production in May, contributed 106,510 tonnes of ore during the quarter at an average grade of 1.23 grams of gold per tonne and 0.84% copper.

Anglo Asian said the mine made a meaningful contribution to June's copper output and marked a key milestone in its transition to a multi-asset producer.

Work at the Demirli project also progressed steadily, with production expected to follow.

"The Gilar mine, which entered production in May, is performing well and delivered a meaningful contribution in June to our copper output," said chief executive Reza Vaziri.

"Gilar is an important asset for us as we transition to a multi-asset producer, and our production assets will be significantly enhanced when Demirli enters production.

"We look forward to building on the strong momentum of the first half, and to providing further updates on the execution of our growth strategy to become a mid-tier, copper-focused producer."

Sales also improved, with 9,781 ounces of gold bullion sold in the first half at an average price of $3,077 per ounce, up from 6,000 ounces at $2,174 per ounce in the first half of 2024.

The group generated positive cash flow of $1.8m in the period despite $3.8m of capital expenditure on Demirli, reducing net debt to $13m from $14.8m at the end of December.

Anglo Asian said it was continuing to focus on tight cost control and reported an inventory value of $7m at the end of June.

At 1322 BST, shares in Anglo Asian Mining were down 2.88% at 163.65p.

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 175.00p
Change Today -8.50p
% Change -4.63 %
52 Week High 180.00
52 Week Low 75.00
Volume 129,481
Shares Issued 114.39m
Market Cap £200.19m
RiskGrade 310

AAZ Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.93% below the market average0.93% below the market average0.93% below the market average0.93% below the market average0.93% below the market average
68.25% below the sector average68.25% below the sector average68.25% below the sector average68.25% below the sector average68.25% below the sector average
Price Trend
96.56% above the market average96.56% above the market average96.56% above the market average96.56% above the market average96.56% 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
84.3% below the market average84.3% below the market average84.3% below the market average84.3% below the market average84.3% 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
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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 23-Jul-2025

Time Volume / Share Price
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16:35 560 @ 175.00p
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