Trans-Siberian Gold plc Announces Production Results and Revenue Results for the First Quarter Ended March 31, 2018; Provides Production Guidance for 2018
Revenue results for the first quarter, the company reported revenue generation of $15.6 million compared to $9.6 million a year ago.
For the 2018; The company anticipated that second quarter 2018 production levels will reflect the continuation of high water levels whilst remedial activities take place. Gold production in second half of 2018 is expected to improve as the effects of the installation of additional pumping equipment is felt. Accordingly, the company's total gold production guidance range of 36,000-40,000oz for 2018 remains unchanged. The upper end of the range represents a year-on-year increase of approximately 9% in total gold production.