StockMarketWire.com - Anglo Asian Mining said it was 'encouraged' by recent results of its exploration activities and confirmed it would pay its first dividend.

'At our AGM last year, we announced that the Board was looking to pay a maiden dividend and I am delighted that we were able to do so. In respect of 2018, the Company will pay a total dividend of seven United States cents per ordinary share,' said Reza Vaziri, the Company's CEO.

The comes after the miner reported 'impressive' increases in production, including a 22% year on year increase in gold production to 72,798 ounces and a 17% increase in total production to 83,736 gold equivalent ounces.

'We are confident that we will be able to maintain a healthy operational performance and have established a total production target for 2019 of up to 86,000 gold equivalent ounces,' added Vaziri.

'Looking ahead, I am encouraged by recent results of our exploration activities that have successfully identified opportunities for potential future development of Gedabek and our other contract areas,' Vaziri said.




At 8:22am: [LON:AAZ] Anglo Asian Mining PLC share price was +7p at 134p



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