Anglo Asian Mining fails to reach gold standard

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Anglo Asian Mining fails to reach gold standard
Master Investor Magazine 46 cover

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Azerbaijan-focused copper, gold and silver producer Anglo Asian Mining (LON:AAZ) saw its share price drop by 4.83% to 87.75p (as of 15:00 GMT) as gold production for the fourth quarter of 2018 dropped by more than 3,000 ounces to 18,209 oz. Total production for the year ended 31st December was up by 17% due to other metals.

CEO Reza Vaziri commented: “This has been another excellent quarter which has resulted in Anglo Asian achieving full year production at the upper limit of its guidance of 84,000 GEOs. In addition to increasing production from the previous year, Anglo Asian has also significantly strengthened its balance sheet and paid a maiden dividend, all of which has bolstered Anglo Asian’s value and investment profile.

“[…] Anglo Asian is continuing to lay the foundations for long term sustainable production whilst delivering value and cash returns to its shareholders. I look forward to providing further updates on forecast 2019 production and expansion and exploration results in the coming weeks“.

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