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China Nonferrous Gold Ltd - Cayman Islands-based mineral exploration and development company operating the Pakrut gold project in Tajikistan - At the request of the company, shares in China Nonferrous Gold were suspended from trading on AIM on Friday, pending clarification of the company’s financial position. In late September, China Nonferrous Gold reported a widened half-year loss due to higher finance costs on the back of rising interest rates. Pretax loss in the first half of 2023 widened to $8.1 million, from $946,000 a year prior. Revenue fell slightly to $30.2 million from $30.7 million. Finance costs doubled to $12.0 million from $5.9 million, with China Nonferrous citing higher market interest rates. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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