Anglo Asian Mining plc (LSE:AAZ), the AIM-listed gold, copper and silver producer focused on Azerbaijan, is targeting a transition into a multi-asset, mid-tier copper and gold miner by 2030. The company plans to increase annual copper production to around 50,000–55,000 tonnes by developing additional deposits at Xarxar, Garadag and Zafar alongside its newly commissioned Gilar and Demirli mines.
The group has set the date for its 2026 Annual General Meeting for 24 June in London, where shareholders will be able to assess progress on the company’s expansion strategy. Production at the Gilar mine began in May 2025, followed by the start-up of the Demirli operation in July 2025. As Anglo Asian works toward its long-term production targets, the AGM is expected to provide an update on operational execution, funding requirements and the timeline for bringing further deposits into production.
The company’s outlook remains constrained by weaker recent financial performance, including declining revenue, negative margins and pressure on free cash flow. Valuation metrics are also difficult to assess due to negative earnings. These factors are partly offset by supportive technical indicators, with the share price trading above major moving averages and showing positive momentum signals.
More about Anglo Asian Mining
Anglo Asian Mining plc is an AIM-listed mining company producing gold, copper and silver from assets in Azerbaijan. In 2025 the group produced 7,915 tonnes of copper and 25,061 ounces of gold. The company is pursuing a strategy to evolve into a multi-asset, mid-tier copper and gold producer by 2030, with copper expected to become its primary commodity over time.
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