StockMarketWire.com - Trans-Siberian Gold has swung to a FY pretax profit of $1.3m, from a prior-year loss of $16.5m. Revenue was $46.2m, from $44.2m. Gross profit was $10.4m, from a gross loss of $7.6m.

Highlights:

· Production 36,089 oz. gold, 44,610 oz. silver, increases of 21.6% and 14.3% respectively

· Asacha plant processed average 13,046 tonnes per month

· Average gold grade in ore delivered to plant 7.68 g/t, 22.1% improvement (2013: 6.29 g/t)

· Cost of sales per oz. gold reduced by 42.0%

· Cash cost per oz. gold sold reduced by 42.4%








Story provided by StockMarketWire.com