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Article: OXUS GOLD SAYS UZBEKISTAN AMANTAYTAU OPERATIONS ON TRACK.
- Article from:
- AsiaPulse News
- Article date:
- January 26, 2009
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TASHKENT, Jan 26 Asia Pulse - Uzbekistan goldfields operator Oxus Gold PLC issued a statement in response to a recent share price fall, assuring investors it is not aware of any specific reason for it.
The company confirmed its 50 per cent 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.
Oxus 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: ...