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Highlights

  • Anglo Asian enters 2026 as a multi-asset producer with favourable growth plans.
  • Copper production expected to nearly triple, driven by Gilar and Demirli mines.
  • Gold output forecasted to rise to 28,000–33,000 ounces, up from 25,061 ounces.
  • Silver production projected between 170,000–210,000 ounces, exceeding prior year.
  • All-in sustaining costs (AISC) remain competitive: USD 1,500–1,800/oz for gold, USD 6,800–7,800/tonne for copper.
  • CEO Reza Vaziri emphasizes operational consistency and medium-term growth strategy.

Anglo Asian Mining (LSE:AAZ) shares jumped 6.83% to GBX 296.45 during the morning session on 18 February 2026, extending one-year gains to 153.38%. Today’s price movement coincided with the release of company’s FY26 guidance.

Multi-Asset Production Accelerates

Anglo Asian Mining PLC is set to make 2026 a landmark year, marking its first full year as a producer of multiple metals. The Company expects copper to become its dominant product, with output projected to rise sharply from 7,915 tonnes in 2025 to between 20,000 and 25,000 tonnes in 2026. This surge is largely attributable to increased contributions from the Gilar and Demirli mines, which both began production in 2025, highlighting Anglo Asian’s rapid operational scaling.

Gold and silver production are also anticipated to grow year-on-year, with gold forecasted at 28,000–33,000 ounces and silver at 170,000–210,000 ounces. The Company expects costs at all operations to remain competitive, maintaining efficiency while expanding production.

Cost Efficiency Supports Growth

Anglo Asian has provided 2026 all-in sustaining cost (AISC) guidance, with gold projected at USD 1,500–1,800 per ounce and copper at USD 6,800–7,800 per tonne. This disciplined cost structure ensures that the Company can capitalize on prevailing precious and base metal prices while pursuing its growth objectives.

CEO Reza Vaziri stated, “We are confident in our ability to triple copper output in 2026. Our favourable operational delivery, combined with favorable market conditions, positions Anglo Asian to take another significant step in our medium-term strategy to become a mid-tier producer.”

Strategic Outlook

As Anglo Asian transitions to a multi-asset producer, the Company is focused on delivering sustained growth across copper, gold, and silver, leveraging its operational expertise and expansion from newly commissioned mines. With competitive cost structures and robust production guidance, Anglo Asian is well-positioned to strengthen its market presence and build shareholder value throughout 2026.

FAQs

Q1: What is Anglo Asian’s copper production outlook for 2026?

A1: Copper production is expected to nearly triple, reaching 20,000–25,000 tonnes, driven by Gilar and Demirli mines.

Q2: How will gold and silver production change in 2026?

A2: Gold output is forecasted at 28,000–33,000 ounces, while silver is expected between 170,000–210,000 ounces, both showing year-on-year growth.

Q3: What are the Company’s projected costs for 2026?

A3: Anglo Asian aims to maintain competitive costs with AISC of USD 1,500–1,800/oz for gold and USD 6,800–7,800/tonne for copper.