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After cutting interim losses 30% to $4.1 million (£2.7 million), AIM dog Anglo Asian Mining (AAZ) expects to return to profits thanks to a new $4.5 million flotation plant now being commissioned to hoist recoveries and copper output from the company’s flagship open-pit Gedabek gold and copper mine in the Caucasian republic of Azerbaijan. At 6.13p, shares in the company, which increased gold production from Gedabek 33% to 35,938 oz. in the six months to June with copper concentrate production 6% ahead to 689 dry metric tonnes, have fallen 92% since its 77p AIM float 10 years ago, but directors now insist Anglo Asian has begun a new chapter.
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