Oxus is changing its year end to 31 December, meaning these results are stated as interims.

For the year to end-June, the company’s administrative expenses rose to US$8.20 million from US$6.98 million. Its revenue came in broadly flat at US$2.72 million from US$2.4 million.

Meanwhile, Oxus’ 50 percent-owned Amantaytau Goldfields (AGF) joint venture in Uzbekistan posted a narrower full-year pretax loss of US$3.02 million from US$6.42 million last year.

Gold production at AGF for the year increased by 8.5 percent to 80,203 ounces, and gold sales increased by 13.8 percent to 74,147 ounces.

AGF’s revenues came in higher at US$57.83 million from US$37.8 million.