Trans-Siberian Gold Plc Reports An Increase Of 32% QoQ In Gold Production Q3 FY19

  • Oct 22, 2019 BST
  • Team Kalkine
  • Trans-Siberian Gold Plc (TSG) has released its production update at the Asacha Gold Mine for the three months ended 30 September 2019 and for the first nine months of 2019.
  • The company reported an increase of 32 per cent QoQ in gold production to 12,620 oz as compared to 9,544oz in Q2 2019.
  • Company’s average gold grade increased by 6.3 per cent YoY to 8.3 g/t as compared to 7.8 g/t in Q3 2018.
  • For the first nine months of 2019, revenue increased by 12.9 per cent YoY to $44.3million as compared to $39.2milion for 9M 2018.
  • On 22nd October 2019, at the time of writing, GMT 11:55 AM, TSG shares were trading at GBX 91.00, down by 4.50 points or 4.71 per cent against the previous day closing price.

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