Anglo-Asian Mining's cash flow up over 21%

By the end of 2021, the cash flow of Anglo Asian Mining plc, the AIM-listed gold, copper and silver producer primarily operating in Azerbaijan, amounted to $ 37.5 million, Report informs.

According to the company's 2021 results, cash flow increased by $ 6.6 million or 21.35% compared to 2020.

Thus, the company's cash flow in 2020 amounted to $ 30.9 million.

Anglo-Asian Mining is engaged in production in Azerbaijan under the PSA (Production Sharing Agreement) signed on August 21, 1997. Azerbaijan's share in the agreement is 51%. The first gold production (at the Gadabay field) began in 2009. Gadabay is an open-pit mine with integrated mines. The company is also engaged in production at the Gosha underground mine, 50 km from the Gadir and Gadabay fields, and at the newly discovered Ughur field.