BAKU, Azerbaijan, February 26. Anglo Asian Mining plc will significantly increase its copper production in Azerbaijan, said Reza Vaziri, CEO of Anglo Asian, Trend reports via the company.
"I am pleased to provide our 2025 production guidance of 28,000 to 33,000 ounces of gold and 6,500 to 6,800 tonnes of copper. Copper is now becoming an increasing important part of the Group's production. Our production in 2025 will be significantly increased compared to 2024, which was impacted by our partial shutdown,” he said.
The company’s gold production stood at 15,073 ounces in 2024, while copper production amounted to 377 tons.
2025 is a pivotal year for Anglo Asian as it begins to increase copper production with the opening of its new Gilar mine, and the Company expects that copper production in 2025 will be its highest ever.
Production is expected to commence in Q1 2025 from the new Gilar underground mine. Around 400,000 tonnes of ore is expected to be extracted from Gilar in 2025 grading 1.8 per cent. copper and 1.47 grammes per tonne of gold.
"2025 will be a milestone year for the company as we begin to ramp up our proportion of copper within our production portfolio, ahead of bringing the larger Garadag and Xarxar copper assets into production in the coming years,” noted Vaziri.
Anglo Asian Mining plc is a gold, copper and silver producer with a high-quality portfolio of production and exploration assets in Azerbaijan. The company produced 16,760 gold equivalent ounces ("GEOs") for the year ended 31 December 2024. Production was severely restricted in 2024 due to a partial environmental shutdown but was fully restarted by the end of the year.