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-1.01%
GOOD

Anglo Asian Mining Reports Strong Q1 2025 Production and Operations

Why we think this is good

The RNS reports a significant improvement in production, with total output of 8,085 gold equivalent ounces, including increases in copper, gold, and silver. The company also had a positive net cash inflow of $1 million during the quarter and reduced its net debt. These are positive developments, but the RNS does not contain an explicit profit upgrade or a statement about trading significantly ahead of market expectations, so I have capped the sentiment score at 'GOOD' maximum.

Key Points

  • Total production of 8,085 gold equivalent ounces, a significant improvement on Q1 2024
  • Copper production of 534 tonnes, gold production of 6,029 ounces, and silver production of 30,321 ounces
  • Positive net cash inflow of $1 million, with net debt reduced to $13.8 million
  • First ore extracted from the new Gilar mine in March 2025, with full production starting in May

Summary

The mining company reported a strong start to 2025 with increased production and positive cash flow, as it ramps up operations and executes its growth strategy.

Anglo Asian Mining reported a significant improvement in production for Q1 2025, with total output of 8,085 gold equivalent ounces, including increases in copper, gold, and silver. The company also had a positive net cash inflow of $1 million during the quarter and reduced its net debt to $13.8 million. The RNS highlights the company's progress in ramping up operations and executing its growth strategy, including the first ore extracted from the new Gilar mine in March 2025.

Key Dates

Mid-May 2025
Full production from Gilar mine starts
GENERAL UPDATE