Court gives Trans-Siberian Gold the go-ahead for capital reduction
16th Nov 2016 10:33
(ShareCast News) - Trans-Siberian Gold jumped over the final hurdle in its capital reduction plan on Wednesday, receiving court approval to go ahead with the proposal. The company had reported on 5 September that it intended to seek the approval of both its shareholders and the High Court for a capi
Read moreTrans-Siberian Gold provides production update on Asacha mine
20th Oct 2016 08:55
(ShareCast News) - Russian gold miner Trans-Siberian Gold has provided a production update on its Asacha mine for the third quarter of 2016. Mine development during the period was 3,4127m and ore extraction amounted to 130,600 tonnes (mt). In the first nine months an average of 13,570 tonnes (mt
Read moreTrans-Siberian Gold benefits from depreciation of Russian Rouble
30th Sep 2016 11:29
(ShareCast News) - Trans-Siberian Gold, a Russia-based mining company, reported an increase in profits in the first half due to a fall in costs brought on by the depreciation of the Russian rouble against the US dollar. The firm's cost of sales and cash costs fell by 3.8% and 1.8% to$684/oz and $393
Read moreTrans-Siberian says average monthly production up at Asacha
18th Jul 2016 14:39
(ShareCast News) - Trans-Siberian Gold reported on its mining and production update at Asacha on Monday, saying that mine development in the second quarter comprised 986 metres while ore extraction - including ore from stoping and mine development - amounted to 43,281 mt. The AIM-traded firm said th
Read moreTrans-Siberian Gold shares slump despite boost in profits
9th Jun 2016 10:55
(ShareCast News) - Shares in AIM-listed Trans-Siberian Gold fell almost 7% on Thursday despite the company reporting a big jump in full year pre-tax profits. The company made $6.6m profit before tax compared with $1.3m in 2014. Gold production was up 5.3% to 37,984 oz while silver output grew 10.7%
Read moreTrans-Siberian Gold's production increases in the first half
13th Jul 2015 12:19
(ShareCast News) - Trans-Siberian Gold said production of silver and gold at its Asacha site rose in the first six months of 2015. The Russia-focused miner said refined gold production rose 8.59% year-on-year to 17,746 ounces, while refined silver production climbed 5.37% to 23,420 ounces. However,
Read moreTrans-Siberian Gold swings to annual profit
8th Jun 2015 11:05
Trans-Siberian Gold swung to a pre-tax profit in 2014, as a sharp decline in operating costs drove revenue higher. In the year to 31 December, the Russia-focused gold miner posted a $1.3m (£0.8m) compared with a $16.5m loss in the previous year, as revenue edged up 4.3% year-on-year to $46.2m. The
Read moreTrans-Siberian Gold reports highest gold grade in three years
20th Oct 2014 13:28
Russia-focused miner Trans-Siberian Gold saw its shares jump by a third after the company revealed that its latest round of mining had resulted in the highest average quarterly grade of gold processed in the last three years. The 8.28g per tonne grade was achieved at its Asacha mine during the third
Read moreMonday broker round-up
29th Oct 2012 08:10
African Barrick Gold: HSBC cuts target from 710p to 670p, overweight rating kept. African Eagle Resources: Seymour Pierce keeps buy rating. Anglo American: Nomura cuts target from 2,100p to 2,000p, neutral rating kept; UBS ups target from 2,230p to 2,250p, buy rating kept. Burberry: Goldman Sachs
Read moreResources round up: Arian, Baobab, Trans-Siberian Gold ...
16th Jul 2012 08:46
Arian Silver, the Mexico focused silver company, said a dispute with the owner of a toll mill has prompted it to suspending trial milling operations at its San Jose mine in Zacatecas state. Arian says talks are underway to resolve the row but the stock was down 15% at 11:31. Baobab Resources, the m
Read moreTrans-Siberian Gold sees poor quality ore
22nd Jun 2012 10:06
The Russia-focused gold miner, Trans-Siberian Gold, says it is still struggling with poor ore quality at its operations in the Kamchatka peninsula in Russia's far east. The company now proposes to introduce a technique known as shallow hole blasting to increase the amount of gold in the rocks that
Read moreGold production imminent at Trans-Siberian
31st May 2011 14:16
Trans-Siberian Gold says its Asacha site in the far east of Russia is expected to be in production by the end of July. The company implemented "a significant increase in the pace of development at Asacha in order to complete the construction of the mine and start gold production." In the year to 3
Read moreSmall cap round-up: DTZ, Hirco, Sirius
15th Dec 2010 12:06
Property services DTZ continues to struggle with revenues falling again in the latest half-year and the group posting another hefty loss. Group revenue in the six months to October was £159.3m (£168.2m), while the estate agent lost £6m against £20.6m. Asia Pacific performed strongly and grow, but
Read moreSmall caps round-up: Avocet Mining, Panmure, Evolve Capital...
29th Sep 2010 14:57
Avocet Mining is on the up again after increasing new proven and probable ore reserve at the Inata gold mine in Burkina Faso and a mine life extended to 2018 at an average annual production of 120,000 ounces. The new mineral reserve of 16.3m tonnes grading 2.06 grammes per tonne for 1.08m ounces o
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