08:31 AM EDT, 05/24/2024 (MT Newswires) -- Pasinex Resources ( PSXRF ) said Friday that it expects a "slight delay" in filing its interim financial statements for the first quarter that are due by May 30.

The company, which owns a 50% stake in the operator of the Pinargozu zinc mine in Turkey, said it expects to file the statements by June 30. The regulatory-required change in its component auditor in Turkey caused a delay in the filing of 2023 results and consequently the results for this year's first quarter, Pasinex said.

Pasinex said its new auditor has taken a longer time to complete the audit of the company's joint venture Horzum Maden Arama ve Isletme Anonim Sirketi.

Meanwhile, Pasinex is applying to the B.C. Securities Commission for a voluntary management cease trade order (MCTO) that would prohibit its CEO and CFO from trading the company's securities as long as the statements are not filed.