Trans Siberian Resource Mine

Trans-Siberian Gold (TSG.L) ended the year on a strong note as it produced just over 13,000 ounces of gold in the final quarter of the year. It was able to increase its gold production rate by 6.7% on a YoY basis thanks to an increase of 5.8% in the average grade in  the ore that was processed. It also sold approximately 80% more gold than in its previous quarter and while this might skew the financial results a bit, it appears to be clear Trans-Siberian’s higher production rate (its gold in dore production increased by 5,400 ounces compared to last year) should translate into an improved financial performance as it sold its gold at an average price of $1265/oz.

Trans Siberian Resource

For 2019, Trans-Siberian has been guiding for a total gold production of 40,000-44,000 ounces of gold, which basically means the production rate will be relatively stable, and any potential revenue and cash flow boost will have to be generated by the higher gold price.

Go to Trans-Siberian’s website
The author has no position in Trans-Siberian. Please read the disclaimer



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