Forecast production for FY 2018 of between 78,000 to 84,000 gold equivalent ounces ("GEOs"), an increase for the mid-point of this guidance of over 13 per cent. compared to FY 2017 production of 71,461 GEOs, UK Anglo Asian Mining company told APA-Economics.
"2018 is shaping up to be a year of delivery for Anglo Asian with production of between 78,000 to 84,000 gold equivalent ounces planned by our operational team. The mid-point of this guidance is over 13 per cent. higher than FY 2017 production and continues the upward trajectory from last year which we believe will continue in the coming years. As in previous years, the second half of 2018 is expected to be better than the first due to seasonal factors and the added momentum of the flotation plant processing on a stand-alone basis from Q2 2018. Key to the future growth of the Company will be expansion opportunities and with this objective we are commencing a substantial geological exploration programme at Gedabek. I look forward to reporting details of this programme in the coming weeks", Anglo Asian CEO Reza Vaziri said.