StockMarketWire.com - Trans-Siberian Gold said total gold production in 2017 of 36,714 ounces exceeded its guidance, but it warned profits would fall.

The company forecast production in 2018 of of 36,000oz-to-40,000oz.

Revenue in 2017 increased slightly to $43.5m, up from $42.2m.

Operational challenges had cut first-half profit to $0.5m, down from $5.4m in 2016.

'Whilst operations improved significantly in the second half, it is expected that pre-tax profits for FY2017 will be lower than FY 2016,' the company said.




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