Anglo Asian Mining PLC Payment of 2020 Special Dividend (9335P)
February 22 2021 - 9:33AM
UK Regulatory
TIDMAAZ
RNS Number : 9335P
Anglo Asian Mining PLC
22 February 2021
Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector:
Mining
22 February 2021
Anglo Asian Mining plc
Payment of 2020 Special Dividend
On 26 January 2021, the Directors of Anglo Asian Mining plc
("Anglo Asian", the "Company" or the "Group") announced a special
dividend in respect of the year ending 31 December 2020 of US 1.5
cents per ordinary share. This special dividend is to be paid on 11
March 2021 to shareholders on the share register on 12 February
2021. The dividend is payable in cash in sterling to holders of
ordinary shares. A scrip dividend or any other dividend
reinvestment plan will not be offered by Anglo Asian Mining
plc.
The dividend will be converted to pounds sterling using the
average of the sterling closing mid-price using the exchange rate
published by the Bank of England at 16:00 GMT each day from the 15
to 19 February 2021, being GBP1 = US$1.3932. Accordingly, the
amount of sterling dividend payable in cash on 11 March 2021 will
be:
1.0767 pence per ordinary share.
**ENDS**
For further information please contact:
Reza Vaziri Anglo Asian Mining plc Tel: +994 12 596 3350
Bill Morgan Anglo Asian Mining plc Tel: +994 502 910 400
------------------------------ ----------------------
Stephen Westhead Anglo Asian Mining plc Tel: +994 502 916 894
------------------------------ ----------------------
Ewan Leggat SP Angel Corporate Finance Tel: +44 (0) 20 3470
LLP 0470
Nominated Adviser and Broker
------------------------------ ----------------------
Adam Cowl SP Angel Corporate Finance Tel + 44 (0) 20 3470
LLP 0470
Nominated Adviser and Broker
------------------------------ ----------------------
Megan Ray Blytheweigh Financial PR Tel: + 44(0) 20 7138
3224
------------------------------ ----------------------
Notes:
Anglo Asian Mining plc (AIM:AAZ) is a gold, copper and silver
producer in Central Asia with a broad portfolio of production and
exploration assets in Azerbaijan. The Company has a 1,962 square
kilometre portfolio at its active Gedabek, Gosha and Ordubad
contract areas assembled from analysis of historic Soviet
geological data and held under a Production Sharing Agreement
("PSA") modelled on the Azeri oil industry. The Company also has
three recently restored contract areas in the formerly Occupied
Territories and Nagorno Karabakh under its PSA which will be
evaluated as soon as access permission is received from the
Government of Azerbaijan.
The Company's main operating location is the Gedabek contract
area ("Gedabek") which is a 300 square kilometre area in the Lesser
Caucasus mountains in western Azerbaijan. The Company developed
Azerbaijan's first operating gold/copper/silver mine at Gedabek
which commenced gold production in May 2009. Mining at Gedabek was
initially from its main open pit which is an open cast mine with a
series of interconnected pits. The Company also operates the high
grade Gadir underground mine which is co-located at the Gedabek
site. The Company has a second underground mine, Gosha, which is 50
kilometres from Gedabek. Ore mined at Gosha is processed at Anglo
Asian's Gedabek plant.
The Company produced 67,249 gold equivalent ounces ("GEOs") for
the year ended 31 December 2020. Gedabek is a polymetallic ore
deposit that has gold together with significant concentrations of
copper in the main open pit mine, and an oxide gold-rich zone at
Ugur. The Company therefore employs a series of flexible processing
routes to optimise metal recoveries and efficiencies. The Company
produces gold doré through agitation and heap leaching operations,
copper concentrate from its Sulphidisation, Acidification,
Recycling, and Thickening (SART) plant and also a copper and
precious metal concentrate from its flotation plant.
Anglo Asian is also actively seeking to exploit its first mover
advantage in Azerbaijan to identify additional projects, as well as
looking for properties in other jurisdictions in order to fulfil
its expansion ambitions and become a mid-tier gold and copper metal
production company. It has announced that it is negotiating a joint
venture with Conroy Gold and Natural resources PLC to explore and
develop various gold properties in The Republic of Ireland and
Northern Ireland.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCUUOSRAAUUUAR
(END) Dow Jones Newswires
February 22, 2021 09:33 ET (14:33 GMT)
Anglo Asian Mining (LSE:AAZ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Anglo Asian Mining (LSE:AAZ)
Historical Stock Chart
From Apr 2023 to Apr 2024