Anglo Asian Mining plc Reports Sales and Production Results for the Third Quarter and Nine Months Ended 30 September 2018; Provides Production Guidance for the Year Ending December 31, 2018
For nine months, the company reported gold production of 54,573 ounces compared to 37,686 ounces a year ago. Silver production 144,362 ounces compared to 125,375 ounces a year ago. Copper production 1,057 tonnes compared to 1,872 tonnes a year ago.
For the quarter, gold bullion sales were 18,637 ounces at an average of $1,216 per ounce. Copper concentrate shipments to the customer totalled 1,557 dry metric tonnes with a sales value of $3.4 million (excluding Government of Azerbaijan profit share). Net debt was $2.9 million at September 30, 2018.
For the full year ending December 31, 2018, the company expects gold target production at upper end of previous guidance of between 78,000 and 84,000 ounces.