Anglo Asian Mining (AAZ)

Sector:

Mining

Index:

FTSE AIM All-Share

59.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 119.50
  • 52 Week Low: 42.00
  • Currency: UK Pounds
  • Shares Issued: 114.39m
  • Volume: 171,210
  • Market Cap: £67.49m
  • RiskGrade: 310

Anglo Asian makes third investment in Libero Copper

By Josh White

Date: Monday 09 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Azerbaijan-focussed gold, copper and silver producer, Anglo Asian Mining, has made a third investment in Libero Copper & Gold, it announced on Monday.
The AIM-traded company said it was acquiring 2.6 million new shares at 15 Canadian cents each, for a total consideration of CAD 0.39m (£0.24m).

It said the investment, which would maintain its 19.8% shareholding, formed part of Libero's recently-launched private placement, with gross proceeds of about CAD 2m to be used for exploration at the Mocoa and Esperanza copper porphyry projects in Colombia and Argentina, respectively.

Libero is listed on the TSX Venture Exchange and owns, or has the right to acquire, several copper exploration properties in North and South America including Mocoa - "one of the world's largest" undeveloped copper-molybdenum resources.

Anglo Asian now holds 18.1 million common shares in Libero, as well as a total of 8.9 million warrants exercisable at 22 Canadian cents and 75 Canadian cents per share.

The board said Libero provided Anglo Asian with exposure to "significant" copper resources, in addition to the company's fully-owned projects including the "world-class" Garadagh resource.

Anglo Asian was currently at the final stages of developing its medium-term growth strategy, culminating in its transition to becoming a copper-focussed, mid-tier mining company.

"We are pleased to make a third investment in Libero in little over a year," said chief executive officer Reza Vaziri.

"With an exciting range of significant copper assets across the Americas, and an experienced management team, we have the utmost confidence in Libero to develop these assets in a swift and responsible manner.

"I look forward to updating our shareholders on Libero's progress in the coming months."

At 1238 GMT, shares in Anglo Asian Mining were up 5.85% at 109.55p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AAZ Market Data

Currency UK Pounds
Share Price 59.00p
Change Today 2.00p
% Change 3.51 %
52 Week High 119.50
52 Week Low 42.00
Volume 171,210
Shares Issued 114.39m
Market Cap £67.49m
RiskGrade 310

AAZ Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.39% above the market average43.39% above the market average43.39% above the market average43.39% above the market average43.39% above the market average
28.24% above the sector average28.24% above the sector average28.24% above the sector average28.24% above the sector average28.24% above the sector average
Price Trend
51.2% below the market average51.2% below the market average51.2% below the market average51.2% below the market average51.2% below the market average
6.29% below the sector average6.29% below the sector average6.29% below the sector average6.29% below the sector average6.29% below the sector average
Income Not Available
Growth
99.15% below the market average99.15% below the market average99.15% below the market average99.15% below the market average99.15% below the market average
96.88% below the sector average96.88% below the sector average96.88% below the sector average96.88% below the sector average96.88% below the sector average

AAZ Dividends

  Latest Previous
  Final Interim
Ex-Div 29-Jun-23 29-Sep-22
Paid 27-Jul-23 03-Nov-22
Amount 4.00¢ 4.00¢

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 1,144 @ 59.00p
16:35 144 @ 59.00p
16:35 1,000 @ 59.00p
16:06 800 @ 57.00p
15:42 3,561 @ 54.25p

Top of Page