Azerbaijan's top gold producer, Anglo Asian Mining Plc, increased its output by 25.1 percent to 54,103 ounces in the first nine months of the year and expects to produce at total of 70,000 to 75,000 ounces for the full year, it said on Thursday.
The London-listed company increased its gold output by 16 percent to 60,285 ounces in 2014, in line with its target.
For the third quarter of this year, production at the Gedabek and Gosha mines amounted to 18,165 ounces, up from 16,178 ounces in the same quarter a year ago, but down from 18,745 ounce in the previous quarter of this year.
The company also said it increased production of copper at Azerbaijan's main mine, Gedabek, and the Gosha mine to 634 tonnes in the first nine months this year, up from 580 tonnes in the same period last year.
Silver output fell to 10,916 ounces from 27,419 ounces.
"We are pleased to report continuation of the exceptional gold, copper and silver production from Gedabek," Anglo Asian Chief Executive Reza Vaziri said in a statement.
"The final quarter of the year has historically been our best-performing quarter and we are confident of meeting our original production target for 2015 of between 70,000 and 75,000 ounces of gold."
He said that a small-scale flotation plant had been successfully commissioned in the third quarter of this year as planned.
The company said the plant is processing the tailings of the agitated leach plant, adding approximately 5,000 ounces of gold and 1,200 tonnes of copper this year.
(Reuters)
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