Azerbaijan-focused miner Anglo Asian sees H1 2023 profit slump, shares down

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A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.

- Azerbaijan-focused miner Anglo Asian Mining announced today that in H1 2023, its total gold equivalent production was 23,391 ounces, down 19% compared to H1 2022 due to lower gold grades at Gedabek.

However, according to Anglo Asian, the curtailment of its agitation leaching and flotation processing from the beginning of August presented the company with “significant challenges” in the latter half of the year. The company said it revised its production guidance for 2023 to between 30,000 to 34,000 GE ounces due to the curtailment of processing in the second half of the year.

 

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