Accordance to the report, the company's profit increased by 19 percent on a year-on-year basis compared to
The total revenues increased by two percent year-on-year from
Some 82,795 gold equivalent ounces were produced in 2019, calculated using budgeted metal prices compared to forecast of 82,000 to 84,000 gold equivalent ounces.
Gold production for 2019 decreased by four percent year-on-year to 70,098 ounces compared to 72,798 ounces in 2018.
Copper production for 2019 increased by 34 percent year-on-year to 2,210 tons compared to 1,645 tons.
Silver production for 2019 deceased up to 159,356 ounces compared to 210,184 ounces in 2018.
Some 53,992 ounces of gold bullion (59,481 ounces in 2018) were sold at an average price of
The copper concentrate shipments to the customer totaled 10,281 dry metric tons with a sales value of
The cost of gold production increased to
'I am very pleased to report on another year of excellent performance for Anglo Asian,' non-executive chairman of the company
'The company is now debt free and has a robust balance sheet,' Zamani added. 'Our geological exploration program made very good progress. We announced two new significant copper and gold discoveries at Avshancli and Gilar. The mineral reserves and life of our existing mines are being extended and several promising new mineral occurrences are under investigation.'
'The Group's financial position continued to strengthen in 2019,' non-executive chairman of the company said. 'Cash from operations including cash in transit was
'The Company had over
© Pakistan Press International, source