Anglo Asian Mining’s revenues rise on back of stronger gold price
Anglo Asian Mining’s (LON:AAZ) Bill Morgan talk’s Proactive London’s Katie Pilbeam through their latest set of interim results for the six-month period to 30 June 2020.
Morgan explains how production has declined by 19% compared with the previous half year period however the average price of gold increased by 26% and as a consequence revenue increased by 6% to $46m. He is confident about the second half and announced the company is increasing its interim dividend by 29% to 4.5 US cent.
The miner is also mulling a special dividend as strong gold prices helped drive up first-half revenue and profit at its gold mining operations in Azerbaijan.