Plexus Resources Corp., 185 S. State, a company developing precious metals and oil and gas production, had a net loss of $416,925 or 4 cents per share in the quarter ending Sept. 30, compared with a net loss of $260,983 or 5 cents per share in the same quarter a year ago.

Company officials said the loss was due to increased interest expense and payroll costs during the quarter. They said the loss per share declined because of the issuance of six million shares of common stock in late June as a private placement to TOTAL Energold Corp.In spite of the net loss in the quarter, Plexus reported revenue of $1.7 million, an increase from the $1.5 million in the same quarter a year ago, due primarily to sales of Plexus' share of precious metals from the Denton-Rawhide Mine.

Sales during the quarter included 3,845 ounces of gold and 15,870 ounces of silver.