StockMarketWire.com - Trans-Siberian Gold said it had upped gold dore production in the third quarter by 26% to of 11,698 ounces.

Average gold grades increased 24% to 7.8 grams per tonne.

The company achieved a gold price of $1,201 per ounce, down 7% on-year.

Year-to-date output of 29,059 ounces was in line with full-year guidance of 36,000 - 40,000 ounces, the company said.

'It is pleasing to report our third quarter results which illustrate some significant operational improvements,' chief executive Alexander Dorogov said.

'The gold grade is steadily increasing which in turn is reflected in the increased production for the period.'

'It was a pity that this coincided with a weaker gold price.'

'However, we believe the outlook is promising and we are well positioned to continue to produce high-grade gold competitively.'




At 8:14am: [LON:TSG] TransSiberian Gold PLC share price was 0p at 37.5p



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