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Epic & Msn data
Epic OXS
Time: 16:34:18
Mid Price: 7.54
Change Today: 0.37 Ascending
Change % Today: 5.16 Ascending
Fifty Two Week High: 15.00
Fifty Two Week Low: 4.86
Market Capital: 29.79
Period & price data
Period Price
Now: 7.54
3 Months ago:
6 Months ago:
1 Year ago:
Additional information
Additional Information
Market: AIM
Sector: General Mining - Gold
Epic: OXS
News: Latest news
Web Site: OXUS GOLD
Other Articles: 08-02-201028-01-201019-01-2010

OXUS GOLD

Oxus Gold plc (AIM: OXS.L) (Oxus) is the only publicly listed gold mining company with primary operations inside the Republic of Uzbekistan. Founded in 1996, Oxus was listed on London’s Alternative Investment Market (AIM) in 2001 and is currently producing significant quantities of both gold and silver from its 50% stake in the Amantaytau Goldfields JV (AGF). Located in the Kyzylkum region of Uzbekistan, AGF is situated on one of the world’s largest areas of gold endowment, the Tien Shan belt, second only in size to that of the Witwatersrand basin. AGF also enjoys the privilege of being positioned just 40 kms south of the world’s largest single open pit gold mine at Muruntau.

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Tuesday, October 06, 2009

Fox Davies retains buy recommendation for Oxus Gold, ups target price after revising commodity forecasts

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Broker Fox-Davies Capital retained its “buy” recommendation and upped the target price for Uzbekistan focused junior gold miner Oxus Gold (AIM: OXS) following a review of its commodity and currency forecasts.


Fox-Davies, which foresees increases in both silver and gold prices, said Oxus Gold would benefit from the projected changes in three ways, having its silver dore processed in the short term and expecting its gold mines to produce until 2019, thus benefitting from the upped long term gold price. The company, which keeps its books in US dollars, is also expected to get a “healthy boost” from the changes in currency rates as the £:US$ exchange rate has changed to 1.59 from 1.66, when Fox-Davies did its last note on Oxus.


The 12 month target price was thus revised and increased to £0.41 per share from the previous £0.30 per share.
Shares in Oxus last traded at £0.10 pence per share.

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