(Kitco News) - Anglo Asian Mining (AIM:AAZ), a gold, copper and silver producer primarily operating in Azerbaijan, today announced total FY 2022 production of 57,618 gold equivalent ounces ("GEO"), at top end of the 54,000 to 58,000 GEO guidance (FY 2021: 64,610 GEO).
The company’s total 2022 GEO production of 57,618 GEO includes 43,114 ounces of gold (FY 2021: 48,680 ounces), 2,516 tonnes of copper (FY 2021: 2,649 tonnes), and 182,046 ounces of silver (FY 2021: 154,515 ounces).
CEO Reza Vaziri commented, "I am very pleased to report another important quarter and year for Anglo Asian. We have made significant progress at a number of assets, namely Zafar, Gilar and XarXar, which will be critical to providing production in the near-term. The expansion of our flotation plant will also provide significant operational flexibility as we ramp up production in the medium-term.
"Following the acquisition of three new contract areas in mid-2021, the company has been formulating a strategy to transition into a mid-tier, copper-focused miner, accelerating our production with the intention of capitalising on the global decarbonisation agenda. This strategy is within the final stages of its development, and I look forward to updating the market on this during Q1 2023."
Asian Mining is a gold, copper and silver producer in south-west Asia with a broad portfolio of production and exploration assets in Azerbaijan.
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