Anglo Asian eyes shift to copper as main product, tripling output
Anglo Asian Mining PLC said on Wednesday it is aiming to triple its copper production this year, becoming its primary product, taking advantage of two Azerbaijani mines where it began production last year.
The London-based copper and gold producer company said 2026 will be a ‘pivotal year’ as it will be the firm’s first full year as a multi-asset producer.
Anglo Asian said it expects to produce between 20,000 and 25,000 tonnes of copper this year from 7,915 in 2025.
Growth is also expected in gold and silver production, as the company targets producing 28,000 to 33,000 ounces of gold, up from 25,061 last year, and between 170,000 and 210,000 ounces of silver, rising from 153,333 in 2025.
The company expects to face all-in sustaining costs of $1,500 to $1,800 per ounce of gold produced, and between $6,800 to $7,800 per tonne of copper.
Anglo Asian Chief Executive Officer Reza Vaziri said: ‘During 2026, copper will become our primary product, and we are confident that we can triple our copper output year-on-year. Anglo Asian has benefitted from our consistent operational delivery, and strong prevailing precious and base metals prices. We now look forward to delivering another year of strong growth as we execute our medium-term strategy to transition to a mid-tier producer.’
Anglo Asian shares closed up 6.7% to 296.10 pence each on Wednesday in London.
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