Anglo Asian Mining

Anglo Asian Mining has appointed Cameron Pforr, with immediate effect, as a non-executive director. Pforr is currently CEO and CFO of Mtron Industries and previously held leadership roles at IronNet and Fidelis Cybersecurity as well as positions at Bain & Co. and Deutsche Bank Alex Brown. He currently holds no ordinary shares in Anglo Asian; the chairman highlights Pforr’s expertise in corporate finance to support the company’s growth strategy. » Mere på de.investing.com

Anglo Asian Mining has announced upgrades to the processing plants at Gedabek and Demirli, including the commissioning—expected by end-April—of nine Imhoflot flotation cells (cost about USD 1.8m) for higher-grade ore. In Demirli, the SAG and ball mills are back in operation after replacement parts, and bio-heap leaching tests achieved copper recovery rates of up to 78%. Other measures include an energy-efficient pulp-lifter system, an industrial crusher, a new maintenance program and the planned installation of a fibre-optic monitoring system for the tailings dam. The company is advancing feasibility studies for Xarxar and Garadag and is conducting pilot mining and test work at Garadag. » Mere på de.investing.com

Since production began in 2009 in Azerbaijan, Anglo Asian Mining has produced over one million gold-equivalent ounces, including about 851,000 ounces of gold, 1.9 million ounces of silver and more than 30,000 tonnes of copper. The milestone was reached at the end of January and covers production from the Gedabek and Demirli open pits as well as the Gilar underground mine. The company expects copper production to triple in 2026 due to increased output from Gilar and Demirli. » Mere på de.investing.com

ACG Metals is in an early-stage review of a possible offer for the entire ordinary share capital of Anglo Asian Mining and must either announce firm intentions or abandon the plan by 24 December 2025. The company stresses that no binding intention or terms have been agreed and that a deal is uncertain. The review follows the acquisition of the Gediktepe mine in September 2024, which is to be converted to primary copper and zinc production from 2026 and targets output of around 20,000–25,000 tonnes of copper equivalent. » Mere på de.investing.com

Anglo Asian Mining announces measures to rectify administrative irregularities in distributions and buybacks from 2018–2022 totalling $46.7m. The company plans a general meeting on 22 October 2025 to pass a special resolution that includes indemnity/release agreements and excludes claims against directors and shareholders involved in the distributions. A buyback agreement will be entered into with SP Angel Corporate Finance LLP; no fines have been incurred and the company stresses that financial prospects and dividend policy are not affected. » Mere på de.investing.com