Anglo Asian Mining (LSE:AAZ), an AIM-listed producer of gold, copper and silver operating in Azerbaijan, continues to expand its asset base as it works toward becoming a mid-tier copper and gold producer. The company currently operates several mines, including the recently commissioned Gilar and Demirli sites, and plans to bring additional projects at Xarxar, Garadag and Zafar into production between 2027 and 2030. Through these developments, Anglo Asian aims to increase annual copper output to roughly 50,000–55,000 tonnes by the end of the decade.
The company has appointed Peel Hunt LLP as its new corporate broker with immediate effect, while S P Angel will continue in its role as nominated adviser. The addition of Peel Hunt is expected to enhance Anglo Asian Mining’s capital markets capabilities and strengthen engagement with investors as the group advances its long-term growth strategy and expands copper-focused production.
The company’s outlook remains constrained by weaker financial performance, including declining revenues, negative margins and deteriorating free cash flow. Valuation metrics are also difficult to assess due to negative earnings. However, these factors are partly offset by strong technical momentum, with the share price trading above key moving averages and supported by positive trend indicators.
More about Anglo Asian Mining
Anglo Asian Mining is an AIM-listed mining company producing copper and gold from a portfolio of assets in Azerbaijan. In 2025 the company produced 7,915 tonnes of copper and 25,061 ounces of gold. It is pursuing a strategy to develop multiple mines and transition into a mid-tier producer by 2030, with copper expected to become its primary product.
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