Anglo Asian Mining PLC Provides Production and Sales results for its Gedabek Gold, Copper and Silver Mining in Western Azerbaijan for the Three Months and the Year Ended 31 December 2018
For the year, the company reported 17% year-on-year increase in total production to 83,736 GEOs against 71,461 GEOs a year ago. 22% year-on-year increase in gold production to 72,798 ounces against 59,617 ounces a year ago. Copper production totalled 1,645 tonnes against 1,991 tonnes a year ago. Silver production totalled 210,184 ounces against 172,853 ounces a year ago.
For the quarter, the company reported gold bullion sales of 15,066 ounces at an average of $1,231 per ounce. Copper concentrate shipments to the customer totalled 3,774 dry metric tonnes (dmt) with a sales value of $6.1 million (excluding Government of Azerbaijan profit share).
For the year, the company reported gold bullion sales of 59,481 ounces at an average of $1,265 per ounce against 43,496 ounces at an average of $1,265 per ounce a year ago. Copper concentrate shipments to the customer totalled 7,675 dry metric tonnes (dmt) with a sales value of $15.4 million (excluding Government of Azerbaijan profit share) against 8,499 dmt with a sales value of $16.7 million a year ago.