Anglo Asian Mining PLC (AAZ.L), a gold, copper, and silver miner, on Thursday recorded a surge in sequential copper production for the third quarter, due to the first production from Demirli and a full quarter of production from Gilar mine.
Reza Vaziri, CEO of Anglo Asian Mining, said: "The new Gilar and Demirli mines are both performing well, with very strong grades at Gilar in particular. Reflecting these two new assets being in production, we were delighted to deliver a record quarterly copper production of 2,287 tons, a milestone for Anglo Asian as we transition to a production profile of mostly copper."
For the three-month period to September 30, the company posted copper output of 2,287 tons, higher than 654 tons reported for the second quarter 2025.
The miner also reported an increase in Gold and silver production year-on-year basis, supported by the production from Gilar mine.
For the third quarter, the company registered Gold production of 6,798 ounces, higher than 2,956 ounces in the same period last year. Silver production stood at 41,605 ounces as against 3,315 ounces in the same quarter of 2024.
For the nine-month period to September 30, total gold bullion sales stood at 14,962 ounces at an average of $3,200 per ounce, compared with 9,220 ounces at an average of $2,287 per ounce in the same period last year.
Looking ahead, for fiscal 2025, the company has reaffirmed its Gold and Copper production outlook. Anglo Asian Mining still anticipates Gold production of 25,000 ounces to 28,000 ounces with Copper output of 8,100 tons to 9,000 tons.
For fiscal 2024, the miner had reported Gold production of 15,073 ounces with copper output of 377 tons.
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