Kryso increases capex guidelines

Aim-listed Kryso Resources yesterday announced that it had increased its capital expenditure and operational expenditure estimates for its Pakrut gold project in Tajikistan, after a production update proposed to increase output from 2,000 tonnes per day to 4,000 tonnes per day. Broker Investec said that the miner’s increased costs suggest “a funding shortfall, which may be met by a potential alternate listing offshore, in Hong Kong”.