"We plan to produce 28,000 to 33,000 ounces of gold in Azerbaijan this year," said the Chief Executive Officer of the British company "Anglo-Asian Mining Plc.," which is engaged in gold, silver, and copper production in Azerbaijan, Reza Vaziri, APA reports.
He also mentioned that AAM forecasts the production of 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. I am also pleased that the guidance for 2025 turnover is the highest annual turnover for the Group. 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."
It was noted that for the 2025 financial year, the price of gold per ounce is calculated at 2,800 US dollars, and the price of copper per ton is set at 9,000 dollars.
Recall that "Anglo-Asian’s" gold production for 2024 amounted to 15,073 ounces, while copper production reached 377 tons.
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