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IN BRIEF: Trans-Siberian interim revenue rises on higher gold price

Mon, 02nd Aug 2021 18:01

Trans-Siberian Gold PLC - Cambridge, England-based miner - For the first half of 2021, total revenue grows 12% year-on-year to USD33.6 million from USD29.9 million a year before. This was due to a higher average realised gold price of USD1,764 per ounces, up 4.3% from USD1,691, more than offsetting a 3.8% drop in gold dore production at 17,579 ounces from 18,278 ounces.

Silver output also declined 0.9% to 47,039 ounces from 47,466 ounces.

Expects to delist from AIM on Monday next week due to Horvik takeover offer.

Current stock price: 117.00 pence

Year-to-date change: down 8.9%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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