Azerbaijan’s leading gold mining company, Anglo Asian Mining, kept its 2020 guidance on Thursday as it reported an 18.8% decline in first-half gold output to 27 922 ounces.
Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the state in which the London-listed company holds a 51% stake.
The company said production of gold-equivalent ounces (GEO), which include other metals, fell to 32 501 GEO in the January-June period from 39 905 GEO a year earlier.