After producing 28,722 gold-equivalent ounces in the first half, Anglo Asian has announced its full year 2022 guidance to be 54,000 to 58,000 GEOs Au, which, to be achieved at the mid-point would see a half-on-half production fall of 5%.

"We are expecting a modest amount of production from Vejnaly and the Hasan vein at Gosha this year so anticipate an outcome at the upper end of the guidance," CEO Reza Vaziri said.

"We made significant progress in the development of our portfolio with excellent progress made at Zafar, Vejnaly and Hasan, all of which will enter production in the next 3 to 12 months. This will ease our reliance on production from Gedabek as they are set to produce meaningful quantities of ore next year," he said.

The company's all-in sustaining cost increased in the half to $983/oz from $848/oz a year earlier.

"Total costs were broadly flat as higher electricity and material costs were offset by lower cyanide usage but lower gold production resulted in a higher ASIC per ounce," it noted.

Anglo Asian also announced a 2022 interim dividend of $0.04 per share.

The company's share price was up 5% day on day at 71.50p (US$0.83) on 16 September.