The nickel-copper exploration company focused in far east
The company said an increase in administrative expenses was offset by a fall in its finance expenses, reducing its pretax loss.
At the start of the year, the company decided to start a technical and economic review of its sites reflecting new incentives, such as lower export taxes and improved metallurgical recoveries.
However, Amur said the new design and review, which is nearing completion, now also takes into account higher operating and capital costs in its first quarter.
The company said it is debt free with cash in the bank of
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