Business
Q2 2014 and H1 2014 Operations Update
Q2 2014 and H1 2014 Operations Update.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n \nRNS Number : 6691M Anglo Asian Mining PLC 18 July 2014 \n \n\nAnglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining\n18 July 2014\nAnglo Asian Mining plc ('Anglo Asian' or 'the Company')\nQ2 2014 and H1 2014 Operations Update\nGedabek Gold/Copper/Silver Mine and Gosha Gold Project in Azerbaijan\n \nAnglo Asian Mining plc, the AIM listed gold producer in Azerbaijan, is pleased to provide a production and operations update from its Gedabek and Gosha gold/copper/silver mining operations in western Azerbaijan for the three months to 30 June 2014 ('Q2 2014') and six months to 30 June 2014 ('H1 2014').\n \nOverview - Production\n· Gold production for Q2 2014 totalled 15,736oz (10,849oz from the agitation leaching plant; 4,883oz from heap leach operations; and 4oz from SART), representing a 39% increase over the previous quarter (Q1 2014: 11,318oz of gold)\n· Silver production for Q2 2014 totalled 8,785oz (465oz from agitation leaching; 1,928oz from heap leach; and 6,392oz from SART) - (Q1 2014: 13,139oz of silver)\n· Copper production for Q2 2014 from SART processing operations totalled 228 tonnes - a 62% increase to the previous quarter (Q1 2014: 141 tonnes of copper)\n· H1 2014 production summary:\no Gold production totalled 27,054oz\no Silver production totalled 21,924oz\no Copper production totalled 369 tonnes\nOverview - Gold and Copper Sales\n· Q2 2014 gold sales - 13,142oz at an average of US$1,292 per oz (Q1 2014 - 10,403 at US$1,303 per oz)\n· Q2 2014 copper concentrate shipments to the customer totalled 523 dry metric tonnes ('dmt'), containing 280 tonnes of copper; 13,218 ounces of silver; and 1.14 ounces of gold (Q1 2014 - 150 dmt were shipped)\nOther Highlights\n· Three year copper concentrate sales contract with Industrial Minerals SA signed to sell both dry and wet copper concentrate\n· 29% increase in JORC compliant gold resource at Gedabek gold/copper/silver mine in western Azerbaijan ('Gedabek') to 1,449,537 ounces in the Measured and Indicated categories\n· Total Company gold production target for the year to 31 December 2014 ('FY 2014') remains at between 62,000oz and 67,000oz gold\n· Due to increas...