Anglo Asian Reports Q2 Production Surge, Maintains Full-Year Guidance

Published: Jul 16, 2026 19:26

Save

Data released on Wednesday by Anglo Asian, a producer of copper, gold and silver, showed that its copper production in Q2 this year increased 27% QoQ to 5,129 mt, a sharp 87% YoY increase.In the quarter, its gold production rose 3.4% QoQ to 6,272 ounces, up 2.9% YoY; silver production was 50,059 ounces, up 36% YoY.All of the company’s operations are located in Azerbaijan.Anglo Asian stated that it maintains its full-year production guidance, targeting copper production of 20,000-25,000 mt, gold production in the range of 28,000-33,000 ounces, and silver production between 170,000-210,000 ounces.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

First Quantum Considers Selling Stake in Taca Taca Copper Mine Amid Global Supply Rush

First Quantum Minerals is considering selling a minority stake in its Taca Taca copper mine project in Argentina. The move comes as major global mining companies and strategic investors race to secure future copper supply.According to US media reports, the company has initiated this potential sale process.Potential bidders include Japan's Mitsubishi Corp. and Mitsui & Co., among others.

1 hour ago

2 hours ago

Oyu Tolgoi Boosts H1 2026 CuEq Output, Rio Tinto Lowers Cost Guidance Amid Mixed Q2 Production

H1 2026 copper equivalent (CuEq) production was up 3% YoY. The Oyu Tolgoi ramp-up plan progressed steadily, with H1 output up 31% YoY.Overall copper production in Q2 was 213,000 mt, down 7% both QoQ and YoY, mainly due to lower output from Rio Tinto’s Kennecott and Escondida mines.Additionally, the 2026 copper C1 net unit cost guidance was lowered to 30-50¢/lb (previously 65-75¢/lb).Aluminum business, the supply chain performed steadily, and bauxite recovered strongly. Q2 aluminum production rose 1% QoQ to 840,000 mt; bauxite production rose 14% QoQ to 15.2 million mt.

2 hours ago

BHP Reports 5% Drop in Q4 Copper Production, FY2026 Output Down 3% YoY

BHP Group reported on July 16 that its copper production in Q4 of FY2026 fell 5% YoY, dragged down by output declines at Escondida and Pampa Norte.The world’s largest listed miner produced 491,900 mt of copper in the quarter ended June 30, down from 516,200 mt a year earlier.Total copper production for FY2026 was 1.95 million mt, down 3% from 2.02 million mt in FY2025, but marking the second consecutive fiscal year near the 2-million-mt level.Full-year output at Escondida, the world’s largest copper mine, was 1.2612 million mt, a 3% YoY decline. Pampa Norte (including the Spence mine) saw a steeper drop, falling 21% to 212,600 mt.

2 hours ago