A leading copper & gold producer in
Azerbaijan with a range of assets from
exploration to full production.
The Group is profitable and pays regular dividends to its shareholders.

Profitable Production

Profitable gold, copper and silver production from multiple mining operations

Total production of
83,736 GEOs* in 2018
81,399 GEOs* in 2019
*Gold equivalent ounces

Strong Financials

2019 highlights

Revenue
$92.1 million
2018: $90.4 million

Net Cash Position at 31 December 2019
$21.2 million
31 Dec 2018: $6.1 million

Profit after tax
$19.3 million
2018: $16.3 million

FY 2019 Dividend
$8 cents per share
FY 2018: $7 cents per share

Growth Strategy

Focussed on expansion of current operations and bringing new mines into production

Transitioning prospects from exploration to production, as with Ugur open pit mine which was advanced from first discovery to production in under
12 months