In a trading update released on Monday, the company said total portfolio income for 2019 would amount to between £57-59 million, up from £49.3 million in 2018. The dividend will be at least 9p, of which 4.9p has already been paid. The 2018 dividend stood at 8p.

Anglo had also reduced its net debt to £28.9 million by the end of 2019, down 13.2% on the corresponding figure at the end of 2018.

Anglo Pacific will announce its full year results on March 25.

Though its income represents another record year for the company, the numbers were lower than what was expected by analysts at Canadian bank BMO. BMO analyst Alexander Pearce said in a note the 2019 income was 4-7% below its estimate.

However, Pearce said his firm "continue to like the stock due to expectations of continued dividend growth (9p and 9.5p in 2019/2020) and attractive implied yields of ~5-6%".

Anglo's CEO Julian Treger said in a statement: "We anticipate further volume growth to come in 2020, with increases expected at Kestrel, Narrabri and Maracas."