Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM-listed gold, copper, and silver producer focused in Azerbaijan, is pleased to announce its forecast for Gedabek production contract area, Report informs, citing the Company.
In 2021, the Company forecasts 48,000 to 54,000 ounces of gold production, while the actual production for 2020 was 56,864 ounces.
Copper production for 2021 is predicted at 2,500 to 2,800 tonnes (actual production in 2020 - 2,591 tonnes). Forecast production assumes no production from the newly restored contract areas during 2021.
Total metal production for 2021 is expected to make up 64,000 to 72,000 GEOs, while it was 67,249 GEOs in 2020.