Trans-Siberian Gold posts huge losses September 27, 2012 - 16:16 AMT PanARMENIAN.Net - Trans-Siberian Gold plc, a UK-based resources company developing gold mining assets in Russia, saw its six-month losses more than triple year-on-year to $3.9 million, the company said on Thursday, Sept 27, according to RIA Novosti. “The results for the six months to 30 June 2012 were affected by operational difficulties at the Asacha mine, principally the lower than expected grade of ore delivered to the plant,” the company said in a statement. Revenue from the sale of 12,708 oz. of refined gold and 15,372 oz. of refined silver was $21.0 million and $456,000 respectively. Average realized prices were $1,651 per oz. gold and $30 per oz. silver. Cost of sales per oz. gold was $1,663. Cash cost per oz. gold was $651 during the reporting period. TSG's activities are focused on the Kamchatka peninsula in the Russian Far East, where its Asacha and Rodnikova properties contain approximately 900,000 oz of gold and about 4 million oz of silver in total mineral resources calculated to JORC standards. Partner news  Top stories Tigran Sargsyan noted that the new plant will be constructed after the current one is finally out of operation. IFC invested $244 million in 40 projects across a range of sectors, including financial markets, manufacturing, and mining. Armenian Prime Minister addressed a letter to Public Services Regulatory Commission over the reconsideration of gas prices. Armenia’s Public Services Regulatory Commission plans to reconsider electricity generation and distribution prices.   Partner news |  Latest news Russian PM calls for better defense products  India remains Russia’s largest customer for weapons, buying 80 percent of its military hardware from Moscow.Discussion on Mideast Christian communities held in Antelias The meeting focused on the situation in the region and assessed the impact of the Arab Spring on Christian communities.1st look at Jennifer Lawrence as mutant Mystique in “X-Men” Director Bryan Singer tweeted a photo of the actress as the blue shape-shifting mutant in “X-Men: Days of Future Past.”Emir Kusturica to film Monica Bellucci in Bosnia-set “Love and War” “Love and War” is planned as a three-part love story about a woman and a man at war, with the latter eventually becoming a monk. |
