Central Asian-focused producer Anglo Asian Mining is anticipating record revenues of over $US90M after lifting production at its Gedabek gold, copper and silver mine in Azerbaijan after posting FY2019 production of 82,795oz gold equivalent, compared to 83,736oz in FY2018.
Production of copper was 2,210t (FY2018: 1,645t), gold 70,098oz (72,798oz) and silver 159,356oz (210,184oz).
Dec qtr (Q4) production was 21,284oz AuEq (21,945oz) comprising 729t (588t) Cu, 17,907oz (18,209oz) Au and 41,686oz (65,822oz) Ag.
Anglo Asian ended the year with net cash of $21.1M ($6.1M) and expects to make the final repayment of its refinancing loan in early Feb.