LONDON - Anglo Asian Mining has achieved record quarterly copper production of 2,287 tonnes in the third quarter of 2025, representing a 250% increase compared to the previous quarter, according to a company press release statement.

The AIM-listed gold, copper and silver producer, which operates in Azerbaijan, attributed the substantial production increase to the first output from its Demirli mine and a full quarter of production from the Gilar mine. Copper production included 1,576 tonnes from Gedabek and 711 tonnes from Demirli.

Gold production for Q3 2025 reached 6,798 ounces, up from 2,956 ounces in the same period last year, while silver production rose to 41,605 ounces compared to 3,315 ounces in Q3 2024.

The Gilar mine completed its first full quarter of continuous production, yielding 239,120 tonnes of ore with average grades of 2.34% copper and 1.65 grams per tonne of gold. This included 71,188 tonnes of higher-grade ore stockpiled for future processing.

The company's Demirli operation commenced production during the quarter, with 4,548 dry metric tonnes of copper concentrate produced. The site now has both ball and SAG mills in operation.

Anglo Asian Mining revised its 2025 guidance on October 9, projecting copper production between 8,100 and 9,000 tonnes and gold production between 25,000 and 28,000 ounces for the full year.

For the first nine months of 2025, the company reported gold bullion sales of 14,962 ounces at an average price of $3,200 per ounce. The company's net debt stood at $14.2 million as of September 30, 2025, compared to $14.8 million at the end of 2024.

Inventory valued at $11.5 million at the end of September included $4.3 million in unsold copper concentrate at Demirli, contributing to a negative cash flow of $1.2 million during the quarter.

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