Aim-listed Anglo Asian Mining has seen a significant share price rise of 65% in 2024, reversing some of the losses from the previous year when its operations in Azerbaijan faced disruptions due to environmental protests. The company’s flagship Gedabek gold-copper mine was temporarily shut down, but it has now been given the green light to resume operations. Anglo Asian expects better results in 2025 and is shifting its focus towards becoming a major copper producer.
Aim-listed Anglo Asian Mining is a rarity on London's junior market with a share price rise of 65% in 2024.In part this is a recouping of stock price losses sustained during 2023 when its gold-copper operations in Azerbaijan were partially closed amid environmental protests linked to a tailings dam.The government stepped in, and the upshot was a suspension of activities at the company's flagship Gedabek gold-copper mine to allow time for a rigorous inspection.
"The broker also hailed the potential of a possible new addition to the miner's portfolio - the Demirli copper mine in the Karabakh region ahead of a possible reopening, although the current tailings dam there is full.It's difficult to nail all the reasons for a company's share price rise, but some of Anglo Asian's momentum this year has doubtless come from market recognition of significant production growth upside as it transitions to copper.
Anglo Asian Mining Share Price Rise Azerbaijan Environmental Protests Copper Mining Gold Mining Stock Market
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