2016 and beyond with optimism. Although the third quarter of 2016 has seen a slower start
than budgeted which has resulted in a small reduction in our FY 2016 target gold production to
between 69,000 to 71,000 ounces, I believe that during the course of H1 2016, we have
demonstrated that our strategy can deliver success, and that we have built a strong platform
for increasing profitability and cash generation.
The outlook for metal prices still remains uncertain. However, the increase in prices during the
first eight months of 2016 is obviously beneficial to us and we hope marks the start of a
sustained recovery in prices.
I would like to take this opportunity to thank our Anglo Asian senior management team and
employees, partners, the Government of Azerbaijan, advisers and fellow directors for their
support as we continue to develop Anglo Asian. I would also like to especially thank our
shareholders for their invaluable support as we look forward to a successful 2016 and beyond.
9 September 2016
Anglo Asian Mining plc
Condensed group income statement
Six months ended 30 June 2016
6 months to
6 months to