Anglo Asian Mining sends gold charters to Switzerland | Instant News


Gold, copper and silver producer focusing on Azerbaijan Anglo Asian Mining has made further shipments of gold doré containing 4,688 ounces of gold, announced on Tuesday, to MKS Finance.

The AIM-traded company said the shipment was made after the announcement on March 26, where it said that due to scheduled air flight terminations, it was looking for other logistical options for shipping and selling doré gold.

It said, the delivery of 4,688 ounces to Switzerland was done by air-charter, and added that the proceeds of the sale in advance had been received totaling around 90% of its share.

Swiss gold refiners have announced that they will soon restart limited operations, with Anglo Asian adding that discussions with two alternative refiners have also begun.

The company confirmed that it was continuing to send copper concentrate by road, adding that operations in Azerbaijan were ongoing, with the safety of staff described as “most important”.

“I am pleased that the company has succeeded in sending further gold consignment to MKS Finance, Switzerland through water-charters,” said CEO Reza Vaziri.

“This shipment shows the agility of the company despite the operational problems presented by Covid-19.”

Vaziri said it was also “proof of ability” from his operational team in Azerbaijan, which had worked to overcome logistical problems in “difficult” circumstances, and allowed the company to stay within its planned goals for this year.

“The Swiss refining company has recently announced that it hopes to resume the limited work soon and we are now sure when we can begin further shipments.”

At 0938 BST, shares in Anglo Asian Mining rose 4.9% at 109.62p.

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