Business
Q4 2015/ FY 2015 Production Update Gedabek
Q4 2015/ FY 2015 Production Update Gedabek.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n \nRNS Number : 8077L Anglo Asian Mining PLC 14 January 2016 \n\nAnglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining\n\n \n14 January 2016\nAnglo Asian Mining plc\nQuarter 4 and Full Year 2015, operations and production update - 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 from its Gedabek gold, copper and silver mine (\"Gedabek\") in western Azerbaijan for the three months to 31 December 2015 (\"Q4 2015\") and the year ended 31 December 2015 (\"FY 2015\"). Note that all references to \"$\" are to United States dollars.\n \nProduction overview\n \n· Gold production for Q4 2015 totalled 17,930 ounces with 12,996 ounces from the agitation leaching plant, 4,593 ounces from heap leach operations, 6 ounces from SART processing and 335 ounces from flotation (Q3 2015: total 18,164 ounces)\n· Copper production for Q4 2015 totalled 335 tonnes, 205 tonnes from SART processing and 130 tonnes from flotation (Q3 2015: 216 tonnes)\n· Silver production for Q4 2015 totalled 17,710 ounces with 1,373 ounces from the agitation leaching plant, 485 ounces from heap leaching operations, 6,589 ounces from SART processing and 9,263 ounces from flotation (Q3 2015: total 4,439 ounces)\n· Anglo Asian's FY 2015 production was as follows:\no Gold: 72,032 ounces, a 19 per cent. increase over FY 2014 production of 60,285 ounces\no Copper: 969 tonnes of copper, a 24 per cent. increase over FY 2014 production of 784 tonnes\no Silver: 28,626 ounces, an 8 per cent. decrease over FY 2014 production of 31,177 ounces\n \nSales overview\n \n· Q4 2015 gold doré sales of 15,759 ounces at an average of $1,108 per ounce - FY 2015 gold doré sales of 63,924 ounces at an average of $1,161 per ounce\n· Q4 2015 SART copper concentrate sales totalled 425 dry metric tonnes (\"dmt\"), containing 235 tonnes of copper - FY 2015 copper concentrate sales of 1,310 dmt generating $3.3 million in sale proceeds\n· Q4/FY 2015 flotation copper concentrate sales of 392 dmt generating $0.6 million in sale proceeds\...