Anglo Asian begins production at Azerbaijan open pit gold mine

The AIM listed Anglo Asian Mining has begun production at its latest mine in Western Azerbaijan.

The gold, copper and silver producer said on Wednesday that its Ugur open pit mine was already making a significant contribution to production.

Average daily gold production in the form of gold doré for the first 10 days of September was 212 ounces, more than double the average daily production for the previous eight months.

This average daily production was expected to increase further as Ugur moved into full production.

Chief executive Reza Vaziri described the news as a "significant achievement" and highlighted the importance of the Ugur deposit to the company's future production.

"Progressing from discovery to production in a year is a significant achievement and underlines Anglo Asian's confidence that the Ugur deposit will be an important contributor to the company's future production".