Business
Q3 and 9M 2021 Production and Operations review
Q3 and 9M 2021 Production and Operations review.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8545O\n Anglo Asian Mining PLC\n 13 October 2021\n \n \n \n \n \n Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining\n \n \n 13 October 2021\n \n \n \n \n \n Anglo Asian Mining plc\n \n \n Q3 and 9M 2021 Production and Operations review \n \n \n Production of 16,316 gold equivalent ounces in Q3 2021 \n \n \n Cash of $30.9 million at 30 September 2021\n \n \n \n \n \n Anglo Asian Mining plc (\"Anglo Asian\" or the \"Company\"), the AIM listed gold, copper and silver producer operating in Azerbaijan, is pleased to provide a production, sales and operations review for its Gedabek gold, copper and silver production contract area (\"Gedabek\") in western Azerbaijan for the three and nine months to 30 September 2021 (\"Q3 2021\" and \"9M 2021\" respectively).\n \n \n \n \n \n Note that all references to \"$\" are to United States dollars.\n \n \n \n \n \n Overview\n \n \n · \n Q3 2021 production of 16,316 gold equivalent ounces (\"GEOs\") (Q3 2020: 18,190 GEOs)\n \n \n · \n 9M 2021 total production of 48,487 GEOs (9M 2020: 50,702 GEOs)\n \n \n · \n Cash of $30.9 million at 30 September 2021 (30 June 2021: $36.6 million)\n \n \n o \n Final dividend for 2020 of $5.2 million and profits tax of $1.4 million paid in Q3 2021\n \n \n · \n Full Year 2021 (\"FY 2021\") production guidance\n of 64,000 to 72,000 GEOs maintained\n \n \n · \n Transformational acquisition of rights to three new concessions in Azerbaijan with significant copper reserves, a milestone in the Company's history, announced on 29 September 2021. These new concessions, subject to parliamentary ratification, underpin Anglo Asian's strategy to become a mid-tier copper and gold miner\n \n \n · \n An interim dividend of $0.045 per share will be paid gross to shareholders at the record date of 8 October on 4 November 2021 for the year ending 31 December 2021\n \n \n \n \n \n \n Anglo Asian CEO Reza Vaziri commented:\n \n \n \n \n \"I am pleased to report a steady rate of production year-to-date as we continue to mine our existing sites, and we reiterate production guidance for the full year 2021. \n \n \n \n \n \n \"We made considerable progress in increasing our resources during the period and are now presented with several compelling growth opportunities. The high-quality ...