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Article: Oxus Gold says Amantaytau operations on track.
- Article from:
- UzReport
- Article date:
- January 23, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TASHKENT, January 23 (UzReport.com): Oxus Gold PLC issued a statement in response to the share price fall in recent days, assuring investors it is not aware of any specific reason for this. It confirmed its 50 percent owned Amantaytau Goldfields joint venture (AGF) is on track to sell approximately 60,000 ounces of gold from its ongoing gold and silver open pit operations by the end of the fourth quarter 2009. The Company has cash in the bank and will continue to receive repayments from AGF's ongoing operations against approximately US$30 million of shareholder loans advanced to AGF by Oxus. Chief executive Richard Wilkins said: "We remain confident that AGF's reserves and ...
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