Anglo Asian copper output to triple by 2026: project and cost lens for mine planners
Reviewed by Tom Sullivan

First reported on MINING.com
30 Second Briefing
Anglo Asian Mining expects copper output from its Azerbaijan operations to reach 20,000–25,000 tonnes in 2026, roughly triple 2025 levels, as the Gilar and Demirli mines move into their first full year of production after delivering 7,915 tonnes between May and July 2025. The company guides to copper all-in sustaining costs of $6,800–$7,800 per tonne, with gold output forecast at 28,000–33,000 oz and silver at 170,000–210,000 oz at $1,500–$1,800/oz. A proposed takeover by ACG Metals, which recently acquired the Gediktepe mine in Türkiye, has been abandoned over valuation.
Technical Brief
- Initial copper output from the two new mines totalled 7,915 tonnes over their first partial operating months.
- Anglo Asian’s Azerbaijan portfolio has shifted from predominantly gold–silver to multi-asset copper, gold and silver production.
- Company guidance separates cost structures, quoting copper AISC per tonne and precious metals AISC per ounce.
- CEO Reza Vaziri attributes forward guidance confidence to “consistent operational delivery” and prevailing metals price levels.
- ACG Metals, already owner of the Gediktepe mine in Türkiye, had targeted Anglo Asian for copper-focused consolidation.
Our Take
Anglo Asian Mining’s move into copper in Azerbaijan and Türkiye adds to the 512 copper- and gold-linked items in our database, but it is one of relatively few that combine Central Asian copper growth with African tantalum exposure via assets like Rubaya in Congo.
The US$50–150 million restart envelope for the Rubaya mine in Congo is modest compared with many greenfield copper projects in our coverage, suggesting a potentially faster payback if existing infrastructure is usable and tantalum by-product credits are realised.
Becoming a copper producer only in 2025 yet targeting roughly triple output by 2026 positions Anglo Asian at the aggressive end of ramp-up profiles in our Mining database, which typically show more gradual copper growth curves for mid-tier operators in Europe and Central Asia.
Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.
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