Anglo Asian Mining (AIM: AAZ) is turning heads, and for good reason. This gold and copper producer, operating its Gadir and Gedabek mines in Azerbaijan, has seen its share price skyrocket by 103% over the last year! If you’re an investor looking for small-cap growth, AAZ just might be ringing your bell.

The Bull Run Continues

With global uncertainty and inflation fears swirling, gold prices have been hitting record highs in 2025. Anglo Asian Mining, with its solid gold projects, is perfectly positioned to ride this wave. It’s a classic safe-haven asset, and in these turbulent times, gold continues to shine.

The Copper Catalyst

But AAZ isn’t just a gold play. What really excites us is their ambitious push into copper. The company plans to supercharge its copper production to 36,000 tonnes annually by 2028, up from 15,000-15,500 today!

They’re bringing several new red metal mines online to capitalize on the booming green economy, where copper is an essential component for everything from EVs to renewable energy infrastructure.

This strategic shift could significantly diversify their revenue and tap into a massive growth market.

What’s the Catch?

Of course, no investment is without risk. Developing new mines can hit snags, and any delays could impact the share price. However, AAZ’s current valuation, trading at a low price-to-earnings (P/E) ratio of 6.1 times, suggests this risk is already priced in. This makes it an even more intriguing prospect for savvy investors.

Anglo Asian Mining offers a compelling mix: exposure to a robust gold market and a clear, aggressive growth strategy into the critical copper sector. While development risks exist, the current valuation seems to offer a compelling entry point for those seeking small-cap mining upside. Could this be one of the “6 standout stocks” Mark Rogers at Motley Fool Share Advisor is eyeing? You’ll have to check their list to find out!