Anglo Asian Mining's cash revealed

The amount of cash of the British company Anglo Asian Mining Plc, which is engaged in the extraction of gold, silver and copper in Azerbaijan, by the end of the first half of this year stood at $36.6 million by the end of the first half of this year, according to the company’s report for the first half of the year, Report informs.

The company’s cash decreased by $2.2 million, or 5.7%, compared to the first half of 2020.

At the beginning of the second half of the year, the company remained debt-free.

Anglo Asian Mining produces gold in Azerbaijan under the PSA (Production Sharing Agreement) signed on August 21, 1997. Azerbaijan’s share in the agreement is 51%, Anglo Asian Mining Plc. owns 49%. The first gold mining from the Gadabay field began in 2009.