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Georgian Mining saw its losses flat at £0.4m and revenue increase from £0.06 to £0.08m in its interim results for the period ending 30 June 2019.
The company still faces uncertainty regarding its exploration permit and is hopeful of an outcome.
In May 2019, the company raised £0.4m through an equity placing.
Directors and executive staff have not received any remuneration since May 2018 as a result of the continued delays and resulting share price performance.
Commenting from the statement, the chairman wrote:
'The Company continues to receive strong support from the British Ambassador and Embassy staff in Georgia; the British Government via its Trade Envoy to Georgia and Armenia; the Georgian Ambassadors to the United Kingdom and Canada; and selected British companies who are already successfully established and influential in Georgia and the region.'
At 8:41am: (LON:GEO) Georgian Mining Corporation Ord Npv Di share price was -0.43p at 1.33p