Kryso Resources shares fall on delays at Tajikistan gold mine

Kryso Resources shares plunged Monday after the mineral exploration company reported delays in its Pakrut gold project in Tajikistan.

Kryso Resources shares plunged Monday after the mineral exploration company reported delays in its Pakrut gold project in Tajikistan.

The construction of the underground mine and associated infrastructure at Pakrut was halted. It will no longer meet the schedule to be completed by March 2014.

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"Construction operations at Pakrut, which are in their early stages, are ongoing but delays have been experienced," the group said.

"The company retains full confidence in the project construction and potential and will advise a new target date for the completion of construction and commencement of gold production at Pakrut in due course."

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Shares tumbled 21.45% to 27.00p at 9:38 following the announcement.

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