Anglo Asian expects copper output to triple in 2026

Anglo Asian Mining's bold projection of tripling copper output in 2026 signals a transformative moment for the London-listed miner, marking its evolution from a precious metals producer to a significant copper player in the global market.

After historically focusing on gold and silver production in Azerbaijan, the company has strategically expanded its portfolio by bringing the Gilar and Demirli mines online in 2025, producing an initial 7,915 tonnes of copper and setting the stage for substantial growth.

The company's ambitious target of 20,000-25,000 tonnes of copper production in 2026 underscores a critical shift in its industrial strategy. With an estimated all-in sustaining cost (AISC) of $6,800-$7,800 per tonne, Anglo Asian is positioning itself competitively in the increasingly strategic copper market.

Simultaneously, Anglo Asian maintains a robust precious metals profile, projecting gold output of 28,000-33,000 oz. and silver production of 170,000-210,000 oz., with an AISC of $1,500-$1,800 per oz., demonstrating a balanced approach to multi-metal production.

CEO Reza Vaziri's confidence reflects broader market dynamics, where copper demand is being driven by critical sectors like renewable energy, electric vehicle infrastructure, and advanced manufacturing. The company's strategic pivot comes at a time of increasing global demand for transition metals.

For investors tracking precious metals and base metal markets, Anglo Asian's expansion represents a calculated bet on the growing importance of copper in the global economic transformation, positioning the company as a potentially significant player in the emerging green economy.