Anglo Asian Mining sees strong 2025 production growth in Azerbaijan

British mining company Anglo Asian Mining (AAM), which develops gold and copper deposits in Azerbaijan, saw significant growth in its precious and base metal output in 2025, according to a company statement.

The company produced 25,061 ounces of gold last year, marking a 1.7-fold increase compared to 2024. Gold production aligned with the lower end of the company’s updated annual forecast of 25,000–28,000 ounces, Caliber.Az reports via local media. 

Silver production also surged, reaching 153,332 ounces, a 5.4-fold increase from the previous year.

Copper output totaled 7,915 tonnes, slightly below the revised guidance of 8,100–9,000 tonnes. The shortfall was attributed to maintenance of the Demirli ball mill, which restricted ore throughput. Of the total copper produced, 4,787 tonnes came from the Gadabay deposit, and 3,128 tonnes from Demirli.

Sales performance was strong, with the company selling 19,631 ounces of gold bars, up 28.7% from 2024, at an average price of $3,441 per ounce, compared with $2,432 per ounce in the previous year. Copper concentrate production reached 23,148 tonnes, a 12.5-fold increase, of which 20,317 tonnes were sold, generating $47.3 million in revenue, a 16.9-fold increase.

As of December 31, 2025, AAM reported $27.6 million in debt and $2.5 million in net cash. Unsold gold dore and copper concentrate inventories were valued at $37.7 million, including concentrate containing 2,457 tonnes of copper, valued at $12,504 per tonne.

"We were disappointed to slightly miss our copper production guidance as a result of the maintenance required to the Demirli ball mill. However, this was offset by excellent sales and favourable metal prices. I was especially pleased with our cash performance and that we closed the year with net cash. This turnaround in net debt in 2025 has been a remarkable achievement," CEO Reza Vaziri said.

He then noted that the comapny is entering the year in a very strong position.

"Demirli and Gilar are now both operating in line with our expectations and metal prices remain favourable. We are also making encouraging progress at our exciting copper growth projects, the Xarxar and Garadag deposits. I look forward to reporting on our progress throughout the rest of the year," he added. 

By Sabina Mammadli