Anglo Asian Mining had $7M in unsold precious metals stocks at June-end

The British company Anglo Asian Mining (AAM, an operator for the development of gold deposits in Azerbaijan) had unrealized reserves of precious metals totaling $7 million as of June 30, 2025, Report informs referring to the company's message.

At the end of June, the company's cash amounted to $11.1 million (as of June 30, 2024 - $12.4 million), net debt - $13 million ($13.8 million).

The company's revenue in the first half of 2025 amounted to $40.6 million, operating costs amounted to $33.8 million, capital expenditures - $2.9 million.

Anglo Asian Mining mines precious metals in the contract areas of Gadabay and Gosha. The PSA contract was signed on August 21, 1997, and provided for the development of six deposits.

The share of Azerbaijan, which is represented in the contract by AzerGold CJSC, is 51%, while AAM's share is 49%. The company currently holds the rights to develop eight contract areas in Azerbaijan.