Business
Q2 & H1 2016, Production Update, Operations Review
Q2 & H1 2016, Production Update, Operations Review.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n \nRNS Number : 1338E Anglo Asian Mining PLC 14 July 2016 \n\nAnglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining\n \n14 July 2016\n \nAnglo Asian Mining plc\nQ2 and H1 2016, Production Update and Operations Review\n Gedabek gold, copper and silver mine, Azerbaijan\n \nAnglo Asian Mining plc (\"Anglo Asian\" or \"the Company\"), the AIM listed gold, copper and silver producer focused in Azerbaijan, is pleased to provide an operations and production update for its Gedabek gold, copper and silver mine (\"Gedabek\") in western Azerbaijan for the three months to 30 June 2016 (\"Q2 2016\") and the six months to 30 June 2016 (\"HY1 2016\"). Note that all references to \"$\" are to United States dollars.\n \nProduction overview\n Q2 2016 \n· Gold production for Q2 2016 increased to 19,665 ounces with 17,926 ounces contained within gold doré, 4 ounces from SART processing and 1,735 ounces from flotation (Q1 2016: total 14,172 ounces)\n· Copper production for Q2 2016 totalled 537 tonnes, 195 tonnes from SART processing and 342 tonnes from flotation (Q1 2016: total 432 tonnes)\n· Silver production for Q2 2016 totalled 56,440 ounces with 2,983 ounces contained within gold doré, 8,979 ounces from SART processing and 44,478 ounces from flotation (Q1 2016: total 34,342 ounces)\nH1 2016 \n· Gold production for HY1 2016 totalled 33,837 ounces (HY1 2015: total 35,938 ounces)\n· Copper production for HY1 2016 totalled 969 tonnes (HY1 2015: 418 tonnes)\n· Silver production for HY1 2016 totalled 90,782 ounces (HY1 2015: total 6,477 ounces)\nFY 2016 target production\n· Target production for the year to 31 December 2016 (\"FY 2016\") remains at between 73,000 ounces and 77,000 ounces of gold and 1,700 to 2,100 tonnes of copper\nSales\n· Q2 2016 gold doré sales of 15,661 ounces of gold at an average of $1,265 per ounce (Q1 2016: 12,058 ounces at an average of $1,184 per ounce)\n· Q2 2016 copper concentrate shipments to the customer totalled 1,582 dry metric tonnes (\"dmt\") with a sales value of $3 million (excluding Government of Azerbaijan profit shar...