By Jamie Nimmo
Proactive Investors (UK)
Anglo Asian Mining’s (LON:AAZ) chief financial officer Sean Duffy believes that efficiency this year at its Azerbaijan mine will be the key to unlocking the upside in the share price.
Like many of its peers, the Azeri gold miner has battled hard to contend with the falling gold price in 2013, which has seen its share price dip after a strong run.
But Duffy thinks some belt-tightening will help Anglo Asian stick out from the crowd, with investors coming back to the profitable, low-cost gold, copper and silver producer.
“The big focus for us this year is efficiency — reduce those costs, keep them down and once we’re there we’ll stay there,” he said.