Anglo Asian Mining Vice President Stephen Westhead joined Steve Darling from Proactive to discuss the company’s strong 2025 performance, highlighting results that management described as a transformational year for the business. The company successfully moved from a period of restructuring and operational challenges into a phase of renewed growth, supported by rising production levels and the transition toward becoming a multi-asset mining company.
Westhead explained that the company achieved several important operational milestones during 2025, including the successful commissioning of two new mines that entered production during the year. The developments marked a significant step in Anglo Asian’s strategy to diversify its asset base and establish multiple sources of future production growth.
The company also outlined important progress at its development-stage projects. At the Gilar project, underground mine development activities advanced as planned, while progress at the Azərlibayjan project continued with development work aimed at supporting future operations. In addition, the company reported that approximately 1.5% copper and 1.8 grams per tonne gold had already been mined and stockpiled from initial activities, providing further indications of operational progress.
At Demirli, Westhead said Anglo Asian restarted an existing operation through the recommissioning of refurbishment infrastructure and processing systems. The restart reflects the company’s broader objective of maximizing value from existing assets while increasing overall production capability.
The operational improvements translated into a meaningful increase in output and financial performance. Anglo Asian delivered nearly 8,000 tonnes of copper production and more than 35,000 ounces of gold during 2025. The stronger production profile contributed to the company’s return to profitability, with the business reporting approximately US$26 million in pre-tax profit. Improved financial performance also strengthened the company’s ability to support long-term development initiatives and future expansion opportunities.
Looking ahead, Westhead emphasized Anglo Asian’s sizeable copper growth pipeline centered around the Xanar and Garadag projects. He noted that Xanar contains approximately 300 million tonnes of copper metal resources, while Garadag hosts an estimated 900 million tonnes. According to current development plans, feasibility work for Xanar is expected to be completed in 2027, with first production targeted for 2028. Garadag is expected to follow with production beginning around 2030.
Westhead added that Azerbaijan continues to provide a supportive operating environment, with a stable regulatory framework and strong government support for mining development. The company believes its focus on disciplined execution, operational expansion, and advancing major development assets positions Anglo Asian to continue delivering long-term growth and shareholder value.
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