Anglo Asian Mining (AIM:AAZ) is increasing its copper production quarter-on-quarter, reaching 5,514 tonnes in Q3 2026.
This news comes amid Anglo Asian ramping up the Demirli deposit in Azerbaijan to full production by the end of November. Demirli produced 3,824 tonnes of copper (Cu) in the September quarter, while the Gedabek operation produced 1,690 tonnes of Cu.
Anglo Asian expects to maintain its full-year 2026 guidance of 20,000–25,000 tonnes of Cu at an all-in sustaining cost of US$6,000–7,000 per tonne ($8,655–$10,100).
During the first nine months of 2026, Anglo Asian produced a record 14,354 tonnes of copper, compared with 3,476 tonnes in the same period last year.
Gold production slightly decreased in the September quarter, totalling 6,781 ounces compared to 6,798 ounces in Q3 2025. This comprises 5,582 ounces contained within gold doré and 1,199 ounces from flotation and sulphidisation, acidification, recycling, and thickening (SART) production.
Despite the quarterly decrease, gold production totalled 19,110 ounces in the first nine months of 2026, compared with 18,912 ounces in 2025.
Total gold bullion sales for the quarter were 5,733 ounces at an average of US$4,259 an ounce.
Meanwhile, silver production increased from 41,623 ounces in Q3 2025 to 52,969 ounces.
As of 30 September 2026, the company held US$56.5 million in cash and had US$9.4 million in debt.
Anglo Asian Mining is a copper and gold producer with a high-quality portfolio of production and exploration assets in Azerbaijan.
Write to Aaliyah Rogan at Mining.com.au
Main image: Anglo Asian Mining
