Anglo Asian Mining plc reported production and sales results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported gold production of 21,931 ounces in third quarter of 2017 total 14,468 ounces due to production from Ugur. Copper production for fourth quarter of 2017 totalled 119 tonnes third quarter of 2017, 550 tonnes from SART processing only. No flotation concentrate produced in fourth quarter of 2017 as the agitation leaching plant treated Ugur ore which does not contain copper. 18% increase in silver production for fourth quarter of 2017 to 47,478 ounces third quarter of 2017 total 40,288 ounces.

For the year, the company reported Gold production for fiscal year of 2017 totalled 59,617 ounces fiscal year of 2016 total 65,394 ounces - lower production earlier in the year was partially offset by production from Ugur commencing in September 2017. Copper production for fiscal year of 2017 totalled 1,991 tonnes fiscal year of 2016 of 1,941 tonnes despite flotation plant idled in fourth quarter of 2017. Silver production for fiscal year of 2017 totalled 172,853 ounces fiscal year of total 165,131 ounces.

For the quarter, the company reported gold bullion sales of 18,520 ounces at an average of $1,278 per ounce third quarter of 2017 9,287 ounces at an average of $1,286 per ounce. Copper concentrate shipments to the customer totalled 196 dry metric tonnes ("dmt") with a sales value of $1.0 million (excluding Government of Azerbaijan production share) third quarter of 2017, 2,905 dmt with a sales value of $5.5 million.

For the year 2017, the company's Gold bullion sales of 43,496 ounces at an average of $1,265 per ounce fiscal year of 2016 sales of 53,281 ounces at an average of $1,253 per ounce. Copper concentrate shipments to the customer totalled 8,497 dmt with a sales value of $16.8 million (excluding Government of Azerbaijan production share) fiscal year of 6,830 dmt with a sales value of $12.3 million.