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Anglo Asian’s short-term assurance

The Azerbaijan-based miner remains one of the lowest-cost gold producers on Aim
Anglo Asian’s short-term assurance

Higher gold and copper sales were the chief contributors to Anglo Asian Mining’s (AAZ) 29 per cent increase in post-tax profit in the six months to June. Shrugging off an 11 per cent rise in all-in sustaining costs to $603 (£482) an ounce – and no doubt buoyed by the post-period surge in the gold price – the Azerbaijan-based miner rewarded the faithful with a strong rise in the half-year payout.

IC TIP: Hold at 160p

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