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New mood music at Anglo Asian

Azerbaijan-focused gold and copper producer Anglo Asian hasn’t made a profit since 2012, but a senior executive has told Mining Journal it could be generating free cash flow by 2017 and could then pay a dividend for the first time since it initially poured gold in 2009.

Richard Wachman
Gedabek mine ... future profit driver

Gedabek mine ... future profit driver

Bill Morgan, finance director, said the company should be back in the black at the pre-tax level in financial year 2016 after racking up first-half losses this year of more than US$4 million, with the...

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