Company Profile

The Oxus Group was established in 1996 and quoted on the Alternative Investment Market (AIM) in London in 2001.

Oxus Gold plc is a UK based international mining group with gold mining interests in Central Asia. Oxus is the joint owner (50/50) with the government of Uzbekistan of Amantaytau Goldfields (AGF) which is developing several mining operations in the Tien Shan gold belt near Zarafshan.

The first mine was constructed and commissioned by Oxus in January 2004 on time and within budget and commercial production began the following month. AGF has since produced more than 270,000 ounces of gold to the end of September 2005 and is now producing at the planned rate of 151,000 onces per annum.




Amantaytau - Jul 2004





Contact details

Oxus Gold plc - Head & Registered Office

Tel: +44 (0)20 7907 2000
Email: enquiries@oxusgold.co.uk

Web: www.oxusgold.co.uk


For Oxus Gold press releases, click HERE

StockMarketWire.com
Oxus Gold said its Amantaytau Goldfields joint venture in Uzbekistan reported Q3 gross revenue of $6.05m, an operating profit of $3.16m and a profit after exceptional items, interest and tax of $1.80m.

Half the results are attributable to Oxus.

AGF produced 1,427 ounces of gold and 243,280 ounces of silver in the quarter.

The JV sold 1,563 ounces of gold and 206,843 ounces of silver for gross revenue of $6.05m

Cash operating costs were $383 and total production costs $599 per gold equivalent ounce.

Mining of open pit oxides restarted in May at the Nukrakon heap leach silver/gold mine.

seems a good buy at this level,

"As announced by Oxus Gold plc on 9 June 2010, the financing agreement with the consortium of Chinese investors ("Consortium") was amended so that completion of the financing is conditional only upon receipt of the regulatory approvals from the Chinese Government and admission of the new ordinary shares to trading on AIM by 31 December 2010.

Further to the announcement dated 9 June 2010, the Company can confirm that it has been informed that the most critical of the approvals necessary to give effect to the financing has been granted by the relevant Chinese authority, while the other two largely administrative approvals are also being processed without any known issues.

The Directors of Oxus remain confident that the financing will be completed during December 2010."

These new shares were allotted to Directors and senior management of the Company on 5 January 2011 at a price of 6.067p per share in lieu of fees and salaries for the period 1 October 2010 to 31 December 2010
James McBurney, Non Executive Director, bought 39,802 shares in the company on the 5th January 2011 at a price of 6.07p. The Director now holds 211,215 shares.

Miradil Djalalov, Non Executive Director, bought 57,684 shares in the company on the 5th January 2011 at a price of 6.07p. The Director now holds 359,721 shares.

Oliver Prior, Non Executive Director, bought 34,034 shares in the company on the 5th January 2011 at a price of 6.07p. The Director now holds 318,859 shares.

Richard Shead, Chairman, bought 412,031 shares in the company on the 5th January 2011 at a price of 6.07p. The Director now holds 3,099,026 shares.

Richard Wilkins, Financial Director, bought 80,880 shares in the company on the 5th January 2011 at a price of 6.07p. The Director now holds 5,100,800 shares.

Oxus Gold refers to recent discussions between its wholly owned subsidiary, Oxus Resources Corporation ("ORC"), and the Uzbek shareholders of ORC's 50% owned Amantaytau Goldfields joint venture ("AGF").

As a result of these discussions, the Uzbek shareholders have agreed, in principle, to acquire ORC's 50% shareholding in AGF for cash, at a price to be agreed. The Directors of Oxus will only recommend a disposal of ORC's interest in AGF if the price agreed in their opinion represents fair value to the shareholders of Oxus.

The Company also announces that Miradil Djalalov and James McBurney will resign as non-executive directors of Oxus with immediate effect and that it is implementing a significant cost reduction programme throughout the Group.

Whilst the negotiations to dispose of ORC's shareholding in AGF progress, AGF will continue to process ore from its stockpile at Nukrakon.

In the event that ORC reaches agreement with the Uzbek shareholders to dispose of the shares in AGF, then such disposal would require the approval of the shareholders of Oxus. In addition the Company would become an Investing Company (as defined in the AIM Rules for Companies) and, as such, it would need to advise shareholders of the Company's investing policy and obtain approval for that policy. It is currently proposed that the Company's investing policy would be to generate an attractive rate of return for shareholders, predominantly through capital appreciation, by taking advantage of opportunities to invest in the mining sector outside Uzbekistan.

I well remember buying these shares around 60p in 2007 the graph has shown a steady downhill trundle since then with the only ones making any money out of it being the ones with paypackets.Such is life.But I think the writing is on the wall for a slow lingering death and a carcass so devoid of meat even the jackals will give it a miss.This of course is my view and i would much appreciate other points of view some of which will be more informed than my own.

Sorry according to my little book it was on the 29/9/07@52.5p.It will join other instantly forgetables such as Subsea(sunk without trace) Aen (who?) Fgml (there is no gold in them thar islands!!)But Hi! Ho! somebody has to support these little charities.But if you want a laugh drift back over the early postings,is smiler still smiling? me thinks not.

whats happened to this heap of s*it!!!

Uzbeks trying to get it for peanuts but there is more to it than meets the eye...MMs have hammered the price down to just above 1p...now watch for oxus and uzbeks go for a good settlement price ..these guys having filled their boots at around 1-1.5p...everyones happy..uzbeks get the gold and the massive share increase will pay for a good chunk of that..i'm looking for a settlement figure of 12p-20p a share..my average is now 1.46p

You (and me) are now yet more in negative territory, maestro. All we need now is for the stock to be suspended and we can all tear up our contract notes.

my holdings are now worth 20% of original value.

Lucky you.,.

Just have to ride it out but I think that I will take up hula dancing and playing the bagpipes before I see a return, now where did I put me sporran?? Och Aye the noo!!

Won't be long before the sp is lower than the face value of each share.

I am going to have a little punt tomorrow, my thoughts are still that it is a high risk venture, but nothing ventured........................... or as my father had a habit of saying "A FOOL AND HIS MONEY........................................... see you on skid row????? or Kerchiiiiiiiiiiiiiiing!!! as someone has a habit of saying.

That is real classic graph!! Worthy of the Acme company in roadrunner??

surely the uzbeks will fill their burkas at 1p or maybe they 'll wait for 0.5p...then it will be 2m market cap with 2.8m ounces of gold and 7m of silver assets in the ground...could easily be a 10 bagger when we get a fair arbitration...maybe even alot more

A ten bagger at 0.5p! Current holders aren't going to be too impressed with that!

yes but nowt stopping them averaging down