Baku: The UK-based gold, copper, and silver producer operating in Azerbaijan, Anglo Asian Mining (AAM), significantly increased its gold production last year, APA-Economics reports. The mining company’s gold production in 2025 amounted to 25,061 ounces, which is 66% higher than in 2024. Gold output came in at the lower end of the revised forecast range of 25,000-28,000 ounces.
According to Azeri-Press News Agency, AAM’s copper production in 2025 totaled 7,915 tonnes, marking a 21-fold increase compared to the previous year and representing the highest annual copper production in the company’s history. The expansion of operations at the Gedabey mine and the commencement of production at the Demirli mine were key factors in this increase. During the reporting period, the company’s silver production reached 153,332 ounces, showing a 5.4-fold increase.
The company also reported that as of December 31, it had $27.6 million in debt and $2.5 million in net cash. By December 31, 2025, unsold inventories of gold dor© and copper concentrate amounted to $37.7 million. These inventories include copper concentrate containing 2,457 tonnes of copper, valued at $12,504 per tonne.
It should be recalled that Anglo Asian began developing six deposits under a production sharing agreement (PSA) signed on August 21, 1997. Under the agreement, Azerbaijan holds a 51% stake, while Anglo Asian Mining PLC holds 49%. The company currently has the right to operate in eight contract areas in Azerbaijan. It is listed on the London Stock Exchange and is one of the country’s largest non-oil industrial exporters.