Anglo-Asian Mining gold production goes up by 43 percent in the first half of 2018.
Anglo Asian Mining News
Anglo Asian Mining said on Thursday it was considering paying its first dividend now that it had reported a profit, cut debt and built up cash.
The London-listed firm said its total production of gold-equvivalent ounces (GEO) rose by 26 percent to 18,307 GEO from 14,577 GEO.
Azerbaijan's top gold producer will begin production there next month.
Better gold prices also helped the Azerbaijan-focused miner reduced its outstanding debts and boost profit.
The company produced 49,874 ounces of gold in the nine months to September, or 7.8% less than in the same quarter last year. It also cut its 2016 production target.
Gold production fell 17.6% to 14,172 ounces in the first quarter of the year due mainly to harsh winter conditions.
The miner increased production by 32.8% to 35,938 ounces between January and June at its flagship Gedabek mine.
The Gedabek mine expects to exceed its target to produce 595 tonnes of copper for 2014.