Anglo Asian Mining on track to hit production targets, says CFO

Jul 15, 2016, 01:11 PM

Anglo-Asian Mining PLC (LON:AAZ) chief financial officer Bill Morgan says the firm is on course to meet its gold and copper production targets for the year at its Gedabek project in Azerbaijan. Morgan tells Proactive: “We said at the beginning of our year that we would do 73,000oz to 77,000oz of gold and 1,700 to 2,100 tonnes of copper and we are confident at the moment that we will still achieve that.” He adds that current run rates back up this claim, and says the addition of a second SAG mill in August should also help. Morgan also says that as the operation develops at the relatively new plant, the firm is starting to benefit from a number of “general efficiencies”.