Anglo Asian Mining Plc has reported record half-year production results, driven by the accelerated ramp-up of its Demirli copper mine in Azerbaijan. The company’s copper output surged to 5,129 tonnes in the second quarter of 2026, a 38% increase from the 3,711 tonnes produced in the first quarter. Demirli alone contributed 3,250 tonnes of copper during Q2, while the company’s Gedabek operation added 1,879 tonnes. Total first-half copper production reached 8,840 tonnes, a dramatic rise from just 1,188 tonnes in the same period last year. The company also generated a $39.9 million increase in net cash during the quarter, ending June with $69.8 million in cash and reducing debt to $12.2 million. Concentrate sales for the first half totaled 58,577 dry metric tonnes, valued at $125.9 million, with Demirli accounting for $71.4 million of that revenue. Gold production reached 12,329 ounces and silver output hit 92,855 ounces in the half year. Anglo Asian has reaffirmed its full-year guidance of 20,000–25,000 tonnes of copper, 28,000–33,000 ounces of gold, and 170,000–210,000 ounces of silver, with Demirli expected to reach steady-state production during the third quarter. The record performance underscores the successful execution of the company’s growth strategy in Azerbaijan’s mining sector, positioning Anglo Asian for continued strong output in the second half of the year.
