Anglo Asian Mining anticipates a significant increase in copper output for 2025, projecting production between 6,500 and 6,800 tonnes, a substantial rise from 377 tonnes in 2024. This growth is driven by the full-scale operation of the Gilar mine and potential contributions from the Demirli mine, positioning the company for a milestone year.
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) is poised for a transformative year in 2025, forecasting a remarkable surge in copper production. The company projects copper output to reach between 6,500 and 6,800 tonnes, a significant leap from the 377 tonnes produced in 2024. This anticipated growth is primarily attributed to the Gilar mine in Azerbaijan, which commenced operations in the first quarter of 2025. The Gilar site is expected to contribute substantially to the company’s copper production, marking a pivotal development in Anglo Asian’s strategic expansion plans.
In addition to the increased copper output, Anglo Asian Mining forecasts a notable rise in gold production. The company estimates gold production for 2025 to be between 28,000 and 33,000 ounces, a significant increase from just over 15,000 ounces in 2024. This boost in gold output further underscores the company’s enhanced operational capacity and strategic focus on scaling its precious metals portfolio.
Financial projections for 2025 reflect the anticipated uptick in production. Anglo Asian Mining estimates turnover to be between $110 million and $125 million, with earnings before interest, tax, depreciation, and amortization (EBITDA) projected at $45 million to $55 million. These figures represent a robust financial outlook, aligning with the company’s growth trajectory and operational enhancements.
The Demirli mine presents an additional opportunity to further augment copper production. Acquired in 2022, the Demirli site comprises two contiguous open pits and a six million tonnes per annum flotation plant designed to produce copper concentrate. Anglo Asian Mining is currently conducting evaluations to assess the site’s potential, with plans to resume production before the end of the year. While the restart of Demirli could provide a significant boost to overall output, its contributions have not yet been factored into the current production forecasts.
The company’s strategic plan aims to transition into a mid-tier copper and gold producer by 2028. This ambitious goal involves bringing multiple new mines into production, including the Xarxar and Garadag sites, scheduled to commence operations in 2027 and 2028, respectively. These developments are expected to elevate Anglo Asian’s copper production to approximately 36,000 tonnes per annum, significantly enhancing its position in the global mining industry.
Anglo Asian Mining’s commitment to growth is further evidenced by its proactive exploration and acquisition strategies. The company maintains a diverse portfolio of mining assets across Azerbaijan, including the Gedabek, Gosha, and Ordubad contract areas. Each site offers unique opportunities for resource development, contributing to the company’s long-term vision of resource diversification and increased production capacity.
The positive outlook for 2025 comes after a period of operational challenges. In 2024, Anglo Asian Mining experienced a partial shutdown due to issues related to its tailings dam at the Gedabek site. However, the company has since implemented corrective measures, leading to the resumption of normal operations and setting the stage for the projected growth in 2025.
Market analysts have responded favorably to Anglo Asian Mining’s strategic initiatives and projected growth. The company’s focus on expanding its copper production aligns with global market trends, where demand for copper is expected to rise due to its critical role in various industries, including renewable energy and electric vehicles. By positioning itself to meet this demand, Anglo Asian Mining is enhancing its competitiveness and market relevance.
In summary, Anglo Asian Mining’s projections for 2025 indicate a milestone year characterized by record copper production and significant financial growth. Through strategic expansion, operational resilience, and a commitment to resource diversification, the company is well-positioned to capitalize on emerging opportunities in the global mining sector.