Anglo Asian Mining reports Q3 jump in copper production as Demirli ramp-up continues - Proactive financial news

AI desk brief

Anglo Asian Mining reported Q3 copper output up 141% y/y to 5,514t as Demirli ramp-up continued, while gold production was broadly unchanged at 6,781oz and silver rose 27% to 52,969oz. Nine-month copper production hit a record 14,354t, more than 4x last year, and the company kept 2026 guidance at 26,000-30,000oz of gold and 170,000-210,000oz of silver, with Demirli targeted for full production by end-November.

Third-quarter concentrate sales were $80.5m and net cash fell to $47.1m from $57.7m at end-June, although the company said the $30.1m working-capital build tied to September concentrate sales was subsequently received in October. Management reiterated its strategy to become a mid-tier, majority copper producer.