Anglo Asian Share News (AAZ)

Anglo Asian Mining misses FY production target, profit hit

Shares in AIM-listed Anglo Asian Mining lost a fifth of their value on Wednesday morning after missing its 2013 production target, causing a 'significant' impact on the company's profitability. Hit by poor weather conditions, for the year gold production at its flagship Gedabek mine totalled 52,06

UK MORNING BRIEFING: Shares Open Higher; Burberry Jumps On Sales Report

LONDON (Alliance News) - UK shares have opened higher Wednesday on the back of better economic news from the US Tuesday.

British luxury fashion retailer Burberry joined the list of holiday sales winners, reporting that retail revenue rose 14% in its third quarter.

Anglo Asian encounters high-grade gold zone north of Gedabek

Anglo Asian Mining said it has discovered a high-grade gold zone just north of its flagship Gedabek mine in Azerbaijan. The group's 3,000-metre drilling programme revealed additional gold interceptions including six metres of seven grams per tonne (g/t) from 277 metres to 283 metres, 10 metres of 3

STOCKS NEWS EUROPE-UK small caps fall 0.3 pct

The FTSE small cap index falls 0.3 percent, broadly in-line with the blue-chip FTSE 100, but underperforming flat junior-listed FTSE AIM All Share Index. AIM-listed gold producer Anglo Asian Mining gains 2.8 percent after announcing a positive exploration update from new drillings at its Ge

Anglo Asian Mining Increases Gold Estimate At Gedabek Mine

Anglo Asian Mining reports record gold production

Anglo Asian Mining's shares rose after reporting record gold production in the third quarter at its flagship Gedabek mine in Azerbaijan. The company achieved gold output of 20,242 ounces at Gedabek - the most since the mine first started production in May 2009 - bringing the total for the first ni

Anglo Asian Gold Production Up 31% On New Plant In Azerbaijan

Anglo Asian Mining Secures USD37 Million Loan Facility

Anglo Asian Mining's half-way figures hit by falling commodities

Anglo Asian Mining's first half profits have been hit by the falling price of commodities. Pre-tax profit for the first six months fell to $4.2m from the previous year's $10.5m as revenues dipped to $27.6m from $30.1m. The company sold 14,229 ounces of gold at an average price of $1,561 per ounce

Anglo Asian Mining Profits Halve On Lower Gold, Silver Production

MARKET COMMENT: Every FTSE 100 Stock Opens Higher On Taper Delay

STOCKS NEWS EUROPE-UK small caps outperform, led by Findel

The FTSE small-cap index sheds 0.2 percent, outperforming falls of 0.5-0.9 percent for the mid caps, the blue chips and the junior FTSE Alternative Investment Market (AIM) all-share index. Shares in Findel rise 7.5 percent to the top of the FTSE small-cap index as the home shopping group sw

Anglo Asian Mining's 2012 profits hit by fall in production

Anglo Asian Mining's 2012 pre-tax profit was 9.4 per cent lower than a year earlier as production declined due to adverse weather conditions. The AIM-listed gold producer reported pre-tax profit of $28m, compared to $31.6m in 2011, reflecting a drop in revenue to $73.5m from $83.8m. Newly appointe

Anglo Asian Mining expects rise in full-year gold production

Anglo Asian Mining said it is on track to meet its gold production target of 60,000 ounces this year despite a decrease in output in the first quarter. The company reported gold production of 8,585 ounces at Gedabek, its flagship mine in Azerbaijan. Sales of 8,725 ounces of gold at an average of

Anglo Asian Mining cuts gold output in Azerbaijan in 2012

BAKU, Jan 18 (Reuters) - Anglo Asian Mining Plc said its gold production in Azerbaijan had fallen to 50,215 ounces in 2012 from 57,000 ounces in 2011, but plans to increase production to 80,000 ounces in 2013, the company said in a statement. Production fell last year mainly due to a harsh