AIM-listed ZincOx Resources reported that its loss more than doubled to $26.3m for 2013, resulting mainly from the multiple operational and mechanical issues at its Korean recycling plant (KRP). As a consequence, in most months, the plant was operating for less than two thirds of the time and generated costs associated with the remediation work and increased unit operating expenses. However, the group said that problems that caused the long stoppages last year have been addressed and it anticipated a more continuous operation over the coming months, with production expected to increase steadily to full capacity in the autumn. The loss was significantly wider that the $9.4m posted in 2012, with the cost of sales jumping from $21.7m to $40.3m year-on-year. Andrew Woollett, Executive Chairman, said: "Now that the problems of 2013 have been addressed, the KRP has accelerated its ramp-up and we are operating at record levels of production. "We expect this ramp-up to continue while we fine tune the operating conditions and debottleneck critical pieces of equipment, so that full production can be achieved in the fourth quarter of 2014." The share price dropped 2.22% to 11.49p in the first few minutes of trading in Tuesday.NR