Anglo Asian Mining reports Q3 jump in copper production as Demirli ramp-up continues

Mining General Mining & Base Metals Written by: Jamie Ashcroft 02:34 Thu 15 Oct 2026 --> Proactive has a commercial relationship with Anglo Asian Mining Plc. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Jamie Ashcroft Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a first-class degree in Business and Economics and qualifications in software design and development. As one of the early external hires at Proactive in 2009, Jamie contributed... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Anglo Asian Mining Plc ( LSE:AAZ OTC:AGXKF ) View Price & Profile Anglo Asian Mining reports Q3 jump in copper production as Demirli ramp-up continues Published: 02:34 15 Oct 2026 EDT Anglo Asian Mining Plc (LSE:AAZ, OTC:AGXKF, FRA:A4A) reported a 141% year-on-year jump in third-quarter copper production, driven by the continued ramp-up of its Demirli mine in Azerbaijan, as the company maintained its full-year production guidance. Copper output reached 5,514 tonnes in the three months to September, compared with 2,288 tonnes a year earlier and 5,129 tonnes in the preceding quarter. Demirli contributed 3,824 tonnes, with the remaining 1,690 tonnes coming from Gedabek. Production for the first nine months of 2026 reached a record 14,354 tonnes of copper, more than four times the 3,476 tonnes produced a year earlier. Third-quarter concentrate sales totalled $80.5 million, while gold production was broadly unchanged at 6,781 ounces and silver output rose 27% to 52,969 ounces. The company ended September with net cash of $47.1 million, down from $57.7 million at the end of June. The $10.6 million quarterly outflow reflected a $30.1 million working capital increase relating to September concentrate sales, with the proceeds subsequently received in October. Chief executive Reza Vaziri commented that the company was "very well placed" to deliver its strategy of becoming a mid-tier, majority copper producer. “We are delighted with the continued operational progress made during the Quarter, with successive quarter-on-quarter copper production growth driven by the ongoing ramp-up at Demirli, which remains on track to enter full production by the end of November," Vaziri said in a stock market statement. Anglo Asian reiterated its 2026 guidance of 20,000 to 25,000 tonnes of copper, 26,000 to 30,000 ounces of gold and 170,000 to 210,000 ounces of silver, with Demirli expected to reach steady-state production by the end of November. Continue reading