Anglo Asian Mining (LON: AAZ) said on Wednesday it expects to approximately triple its copper output in 2026, its first full year as a multi-asset producer.
The company historically produced gold and silver across its Azerbaijan-focused operations. In 2025, it officially became a copper producer after bringing the Gilar and Demirli mines online. Since their respective starts in May and July 2025, they produced a total of 7,915 tonnes of copper.
This year, the London-listed miner anticipates copper production of at least 20,000 and up to 25,000 tonnes with increased contributions from the two mines. The all-in sustaining cost (AISC) is estimated at $6,800-$7,800/tonne.
On the precious metals side, Anglo Asian expects its gold output to reach 28,000-33,000 oz. and silver output to fall between 170,000-210,000 oz., at an AISC of $1,500-$1,800 per oz.
“During 2026, copper will become our primary product, and we are confident that we can triple our copper output year-on-year,” Anglo Asian CEO Reza Vaziri said in a news release. “Anglo Asian has benefitted from our consistent operational delivery and strong prevailing precious and base metals prices.”
The company had recently been the subject of a takeover by ACG Metals (LON: ACG), which is looking to consolidate the copper industry and already bought the Gediktepe mine in Türkiye. However, ACG walked away from a deal, citing valuation.
