UK gold miner resumes full operations at Gadabay processing facility

Anglo-Asian Mining Plc, the British company, which extracts gold, silver, and copper in Azerbaijan, has fully resumed ore processing operations at the Gadabay deposit, Report informs via the company's statement.

The flotation plant at the Gadabay mine has resumed normal operations. Both stockpiled ore and freshly mined ore from the main pit are being processed, the statement says.

Earlier, the company reported that in September 2024, it restarted the agitation leaching plant.

"Thus, all processing facilities in Gadabay have resumed full operations. This allows the company to return to full production capacity and become a mid-tier multi-asset copper and gold producer by 2028," the statement reads.

As part of the development strategy for 2024-2028, AAM plans to successively launch 4 new mines: Gilar, Kharkhar, Garadag, and Zafar.

From 2028, the company expects to increase annual copper production to approximately 36,000 tons. AAM also reported completing the first phase of raising the existing tailings dam wall at the Gadabay deposit, which involved raising the wall by 2.5 meters.

The tailings dam wall will be raised by 7 meters to ensure sufficient storage capacity for 2-3 years of production activities. The raising will be carried out in two phases. The PSA-type contract was signed on August 21, 1997, and provided for the development of 6 deposits. Azerbaijan's share in the contract is 51%, while Anglo Asian Mining PLC holds 49%.

AAM owns rights to develop 8 contract areas in Azerbaijan but is mining precious metals from only two contract areas - "Gadabay" and "Gosha."