Anglo Asian Mining plc

Notable vs. Peers

• Jurisdiction risk score of 5/10 is meaningfully riskier than the peer average of 7.6/10.
• Trading within 6% of its 52-week high — strong recent price momentum.

Lifecycle Milestones

1. Permit granted

   Aug 1997 · Production Sharing Agreement (PSA) signed with the Government of Azerbaijan, granting Anglo Asian mining rights over the Gedabek and other contract areas -- the PSA is this jurisdiction's functional equivalent of a mining permit. · Source
2. Construction decision (FID)

   Reached — date not disclosed · Task #922: written as a real, undated MinerConstructionMilestone row (achievedDate intentionally null -- the milestone genuinely occurred, only its date is unknown; see the model's own doc comment in schema.prisma). Anglo Asian Mining's Gedabek mine construction demonstrably occurred: PERMIT_GRANTED is on file at 1997-08-20 (the original PSA) and CONSTRUCTION_START at 2008-07-01. A construction decision necessarily fell between those two dates -- consolidating this miner's own constructionMilestone:CONSTRUCTION_DECISION MetricStatus research (Task #317 wave 8, Aug 2026): an SRK Consulting resource estimate (2007) and environmental baseline/impact studies (mid-2007) are on record ahead of the 2008 construction start, but no discrete board/FID announcement was found despite multiple targeted searches of Anglo Asian Mining's RNS archive for that period. Recorded as reached-but-undated rather than continuing to leave the milestone entirely unrecorded.
3. Construction start

   Jul 2008 · Design and construction of the Gedabek heap-leach/SART processing facility started in July 2008, per the peer-reviewed account of the project (Monhemius et al., 'Flotation and Leaching at Anglo Asian Mining's Gedabek Gold and Copper Mine in Azerbaijan'). Exact day within July not given. · Source
4. First pour / production

   Reached — date not disclosed · Anglo Asian poured its first gold at Gedabek in May 2009, the first gold/copper producer in Azerbaijan in modern times. Exact day not found in available primary sourcing. · Source
5. Commercial production

   Reached — date not disclosed · Genuinely reached, but no single company-wide commercial-production date exists: Anglo Asian Mining is a multi-mine operator in Azerbaijan whose production base has changed materially over time -- Gedabek gold production began 2009, and two new mines (Gilar, Demirli) started production in 2025, with three more (Xarxar, Garadag, Zafar) planned 2027-2030. Per its FY2025 Full Year Results (published 2026-05-26), the company reported 25,061 oz gold and 7,915 tonnes copper produced for year ended 31 Dec 2025, plus formal 2026 production guidance (20,000-25,000t copper, 28,000-33,000oz gold) -- confirming active, ongoing commercial copper and gold production. Given multiple mines with distinct commissioning dates and continuing new-mine additions, no single company-wide date applies. This row was missing entirely prior to 2026-08-21 -- a genuine data gap, not a stage error; Miner.stage was already correctly PRODUCTION. · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.