“We continue to build a leading gold, copper and silver producer in Azerbaijan. The Group has a target production for the full year to 31 December 2020 of between 75,000 and 80,000 gold equivalent ounces.”

Khosrow Zamani, Non-executive Chairman

Financial highlights
Year ended 31 December 2019


$ 92.1 m

All in sustaining cost (“AISC”)
($ per ounce)

$ 591 oz

Operating cash flow before movements in working capital

$ 50.5 m

Net cash

$ 21.2 m

Profit before taxation

$ 30.1 m

Dividend per share

8 cents

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