Operations

Our diverse portfolio of production and exploration assets in Azerbaijan

Anglo Asian Mining is a sustainable producer with eight contract areas in Azerbaijan, spanning 2,544 km² along the mineral-rich Tethyan Tectonic Belt.

Anglo Asian Mining operates eight concessions, or contract areas, in Azerbaijan, covering a total area of 2,544 square kilometres.

These areas are strategically located on the Tethyan Tectonic belt, a globally significant region for gold and copper deposits.

Our operational focus spans active production, development, and exploration, supporting a robust pipeline for future growth. In 2024, total production for Gold reached 15,073 ounces and 377 Tonnes for copper.

“The Group has a substantial portfolio of greenfield assets that lay the foundation for future growth of the business.”
Reza Vaziri 
President and Chief Executive

Gold production for 2024 was 15,073 ounces, compared to 21,758 ounces produced in 2023

Gold bullion sales in 2024 were 15,251 ounces (2023: 15,822 ounces) completed at an average of $2,432 per ounce (2023: $1,951 per ounce)

Copper production for 2024 was 377 tonnes compared to 2,138 tonnes produced in 2023

Silver production for 2024 totalled 28,258 ounces compared to 2023 production of 53,226 ounces

Who we are

Gedabek

300 km²

Gedabek is the main mining concession where production has historically taken place. It hosts the Gedabek open pit and the contiguous Gedabek and Gadir underground mines.

Demirli

74 km²

The Demirli deposit is adjacent to the Kyzlbulag contract area and expands the Kyzlbulag contract area to the northeast.

Garadag

344 km²

Garadag abuts the northern boundary of Xarxar and hosts the Garadag deposit. Garadag has been extensively explored since the end of the Soviet era by its previous owners.

Gosha

300 km²

Gosha is situated in western Azerbaijan, 50 kilometres northwest of Gedabek. Gosha is the location of a high grade, underground gold mine.

Kyzlbulag

462 km²

Kyzlbulag is in Karabakh. It contains several mines and has excellent potential for exploration, as indicated by the presence of many mineral deposits and known targets in the region.

Ordubad

462 km²

Ordubad is an exploration area in Nakhchivan, southwest Azerbaijan, which contains numerous targets.

Vejnaly

300 km²

Vejnaly is a 300 square kilometre contract area located in the Zangilan district in southwest Azerbaijan. It borders Iran to the south and Armenia to the west. It hosts the Vejnaly deposit.

Xarxar

464 km²

Xarxar is situated 1.5 kilometres from the northern boundary of the Gedabek contract area. Extensive geological fieldwork was carried out in 2023 including core drilling from both surface and underground.

Strategy Our growth strategy

Anglo Asian Mining has a well-developed growth strategy focused on becoming a mid-tier producer with copper as the principal commodity

Group strategy

Sustainability Responsible mining

At Anglo Asian Mining, sustainability is deeply integrated into every stage of our operations, from asset development to responsible mining and eventual mine closure and rehabilitation

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