Anglo Asian Mining boosts gold, silver and copper production for 2012

Anglo Asian Mining, gold and copper focused mining company, was heading higher after revealing positive data at its flagship Gedabek gold/copper mine in Azerbaijan.

The firm has achieved an increase in gold production at Gedabek during the fourth quarter of 2011, with output rising quarter-on-quarter from 13,166oz to 15,292oz. Full year production totalled 57,068 oz gold.

Chief Executive Officer Reza Vaziri said: “Looking ahead to 2012, we are focussed on increasing the company’s total resource base, which based on data available at June 2010 stood at 791,000 oz of gold, 49,300 tonnes of copper and 7,597,000 oz of silver for all categories, by Q1 2012 and in turn to calculate a JORC compliant reserve estimate thereafter.”

Anglo Asian Mining, gold and copper focused mining company in Caucasia and Central Asia with a board of portfolio of production and exploration assets in Azerbaijan. – BullionStreet

Tags: Anglo Asian Mining, Gold, Gold mining, Gold mining companies, Gold mining industry

Posted by admin on Jan 23 2012. Filed under Gold mining. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry