Anglo Asian Mining (LSE:AAZ) reported a record fourth quarter for copper production in 2025, with output rising to 4,439 tonnes, a 94% increase quarter on quarter. The strong performance was driven by higher contributions from the Gedabek mine and the addition of output from the newly commissioned Demirli operation. During the quarter, the group also produced 6,149 ounces of gold and 49,361 ounces of silver.
For the full year, copper production totalled 7,915 tonnes, while gold output reached 25,061 ounces. Gold volumes came in slightly below revised guidance due to planned maintenance on the Demirli ball mill. Despite this, robust sales volumes, supportive metal prices and the first shipments of Demirli copper concentrate lifted total annual sales proceeds to $125.7 million. As a result, the group ended the year with a net cash position of $2.5 million, marking a significant turnaround from net debt in the prior period.
Operationally, Anglo Asian completed its transition into a multi-asset producer, with both Gilar and Demirli now in production alongside Gedabek. Work also progressed on upgrades to the Gedabek flotation plant to enable processing of higher-grade ore from Gilar. By year-end, unsold inventory stood at $37.7 million, including a substantial volume of high-value copper concentrate, positioning the company to benefit from continued strength in copper markets.
Looking ahead, management continues to advance its longer-term copper growth pipeline, with development projects at Xarxar and Garadag forming part of its strategy to scale production. While the company still faces financial challenges that will require careful management, improving technical indicators and recent strategic progress provide some optimism for further recovery.
More about Anglo Asian Mining
Anglo Asian Mining plc is an AIM-listed producer of copper, gold and silver with a portfolio of mining and exploration assets in Azerbaijan. The company operates the Gedabek, Gilar and Demirli mines and is pursuing a strategy to become a multi-asset, mid-tier copper and gold producer by 2030. Copper is expected to be its primary commodity, with a long-term target of producing 50,000–55,000 tonnes of copper annually supported by future developments at Xarxar, Garadag and Zafar.
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