Anglo Asian Mining PLC, a gold, copper, and silver producer in Azerbaijan, announced the successful passing of all resolutions at its Annual General Meeting. The company's strategic plan for growth outlines a clear path to transition into a multi-asset, mid-tier, copper, and gold producer by 2028. This includes bringing four new mines into production at Zafar, Gilar, Xarxar, and Garadag, with a forecast production of around 36,000 copper equivalent tonnes.
In the meeting, the resolutions were passed with significant support. For instance, Resolution 2, which focused on the re-election of a director, received 99.59% of votes in favor. The company's Chief Executive Officer, Reza Vaziri, and Chief Financial Officer, Bill Morgan, are available for further information. The company's Nominated Adviser and Broker, SP Angel Corporate Finance LLP, and Financial PR, Hudson Sandler, are also available for inquiries.
Anglo Asian Mining produced 31,821 gold equivalent ounces for the year ended 31 December 2023. The company's strategic plan aims to make copper the principal product by 2028, with a focus on achieving growth through the development of new mines. This update provides insight into the company's future direction and its commitment to expanding its production and exploration assets in Azerbaijan.