Anglo Asian Mining returns to profitability

In this interview Share Talk spoke with the CFO of Aim-listed Anglo Asian Mining (AAZ), Bill Morgan and their Director of Geology, Stephen Westhead. The duo cover the turnaround strategies and implementations that have led to AAZ returning to profitability http://sumo.ly/oJqY in its Half Year results. Costs have fallen significantly by 26% and the company is producing gold at an average price of $546 per ounce, whilst selling its gold for an average of $1230 per ounce. Bill reiterates that this is because AAZ are very focused on keeping costs low, to support their long-term growth and profitability.

They cover the vast acreage that the Company is still exploring and progressing in the greater Gedabek area and what this means for the potential of the life and assets of the area for the business. Bill confirmed that shareholders should expect further news flow over the forthcoming months.