Anglo Asian Mining (LSE:AAZ) has introduced a series of processing upgrades across its Gedabek and Demirli operations in Azerbaijan, aimed at improving metal recoveries and enabling higher-grade ore throughput. At Gedabek, the installation of nine Imhoflot pneumatic flotation cells is expected to enhance both gold and copper recovery from higher-grade ore sourced from the Gilar mine. The upgrade, completed at a cost of around $1.8 million, is anticipated to support improved margins and long-term profitability.
Operational Enhancements and Recovery Improvements
Further enhancements at Gedabek include the addition of an Energy Efficient Pulp Lifter system to increase milling efficiency, along with the installation of an industrial shredder and the introduction of a new licensed maintenance programme. Plans are also in place to implement a fibre optic monitoring system on the tailings dam embankment. At the Demirli site, both the SAG and ball mills have resumed operations following gearbox repairs. Meanwhile, bio-heap leach column testing has achieved copper recovery rates of up to 78%, highlighting the potential for future bio-heap leach production.
Advancing Key Copper Development Projects
The company is also progressing feasibility studies for its Xarxar and Garadag copper projects, with the appointment of external consultants expected in the near term. Pilot mining activities are already underway at Garadag to support detailed geological and metallurgical analysis. These initiatives form part of Anglo Asian’s broader strategy to increase production capacity and strengthen its pipeline of copper-focused assets in the coming years.
Financial Outlook and Market Dynamics
Anglo Asian’s outlook remains constrained by weaker financial performance, including declining revenue, negative margins, and reduced free cash flow, alongside valuation challenges linked to negative earnings. However, technical indicators provide some support, with the stock showing a strong upward trend and trading above key moving averages, supported by positive momentum signals.
More about Anglo Asian Mining
Anglo Asian Mining is an AIM-listed producer of copper, gold, and silver, with operations and development assets located in Azerbaijan. The company produced 7,915 tonnes of copper and 25,061 ounces of gold in 2025 and is working toward becoming a multi-asset, mid-tier producer by 2030. Its strategy includes increasing copper output as a primary focus, supported by the development of new mines at Xarxar, Garadag, and Zafar, alongside existing operations at Gilar and Demirli.
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