ValueSeeker8
03 Jul 2019
Trans-Siberian Gold a 'high yield stock' with ambitions to become mid-tier producer Trans-Siberian Gold plc’s (LON:TSG) Alexander Dorogov and Eugene Antonov introduce the producer and developer to Proactive London. In 2018 they posted record production of 46,053 oz and revenue of $59.8mln. TSG’s the 100% owner of the high grade producing Asacha gold mine and licence holder for the Rodnikova deposit in Kamchatka.
ValueSeeker8
05 Jun 2019
Final Results RNS Number : 1532B Trans-Siberian Gold PLC 05 June 2019 05 June 2019 Trans-Siberian Gold plc (“TSGâ€, the “Companyâ€, or the “Groupâ€) Final Results Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, is pleased to announce its audited financial results for the year ended 31 December 2018. Financial Highlights: · Record-breaking revenues amounting to $59.8million, a 38% increase YoY (2017: $43.4million) · 72% increase YoY in EBITDA at $23.9million (2017: $13.9million) · Profit Before Tax of $17million (2017: $3.0million) · Proposed final dividend of $0.009cents per share (2017: $0.021) amounting to $1million in aggregate · Total dividend pay-out for the year of $7.7million (subject to final dividend approval at the AGM) (2017: $6.3million) Operational Highlights: · Record annual production of gold in dore at 42,128oz. a 15% increase YoY (2017: 36,714 oz.) · 36% increase YoY in total gold production at refinery at 46,053 oz. (2017: 33,872 oz.) · Cost of sales per oz. of gold at $788 (2017: $885) · Cash cost per oz. gold sold at $516 (2017: $588) · All-in sustaining costs per oz. gold $1,049 (2017: $1,341) Charles Ryan, Non-Executive Chairman of TSG, commented: "I am delighted to report that 2018 was a year of record-breaking operational and financial performance, with TSG delivering double-digit growth in both gold production and EBITDA. Our total gold production exceeded 42koz, outperforming our production target for the year. We achieved this while further optimizing our operational efficiency and significantly reducing costs. In 2018, we reaffirmed our position as a high grade, low cost producer with a strong track record as one of the most attractive yielding mining stocks on the London Stock Exchange." The Company confirms that copies of its Annual Report and Accounts have been sent to shareholders. A copy of the Company’s Annual Report and Accounts will be available on the Company’s website: www.trans-siberiangold.com ENDS
kragero
03 May 2019
Buy back proposals Today’s share buy-back proposal has hit the share price by about 10%. The company says the proposal will be good for shareholders and dividends. Looks like some directors will be buying in at a massive discount price of 33p vs 51-53 today.
ValueSeeker8
23 Apr 2019
20 Years license granted to develop Rednikova RNS - Rosnedra issues licence for Rodnikova deposit from Regulatory News | 23rd April 2019 07
0 RNS Number : 7136W Trans-Siberian Gold PLC 23 April 2019 23 April 2019 Trans-Siberian Gold plc (“TSGâ€, the “Company†or the “Groupâ€) Rosnedra issues licence for Rodnikova deposit Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, is pleased to announce that the Federal Agency for Subsoil Use (“Rosnedraâ€) has issued a licence to ZAO Trevozhnoye Zarevo (“TZâ€), TSG’s wholly owned subsidiary for the development and exploration of the Rodnikova deposit, one of the largest gold fields in South Kamchatka, for a tenure of 20 years. Highlights: · 20 year licence awarded · Located in close proximity (50km) to the Company’s operating Asacha Gold Mine · GKZ Russian classified resource of 1Moz gold at 5.3 g/t and 8.3Moz silver at 44.6g/t · High-grade gold-silver deposit is one of the largest gold fields in South Kamchatka Rodnikova is a high-grade gold and silver epithermal deposit located in close proximity to the Company’s operating Asacha Gold Mine. In accordance with the Mineral Resources report approved by the Russian State Commission for Reserves (“GKZâ€), the Rodnikova deposit is estimated to contain 1Moz of gold with an average grade of 5.3g/t. The Company is currently devising its exploration field work programme to assess the full potential of the Rodnikova deposit and options to potentially initiate early stage production. Taking into consideration the fact that the Asacha and Rodnikova deposits are believed to have similar geology, mineralogy and metallurgy, the Company will determine the suitability of utilising the existing processing techniques and plant at Asacha for the ore at Rodnikova. Alexander Dorogov, Chief Executive Officer of TSG, commented: "I am pleased to announce that following the successful bid for the Rodnikova licence, TSG is no longer a single asset miner. We believe that Rodnikova is a complementary asset which perfectly fits the TSG portfolio of epithermal deposits as well as our strategy of becoming a premier mid-tier gold producer and developer. We see potential geographic and operational synergies, as Rodnikova is located at the heart of our operations in South Kamchatka, just 50km from the Asacha Gold Mine. TSG is ideally placed to develop the asset, as Rodnikova and Asacha have similar types of mineralisation and TSG’s highly experienced management team has a deep understanding of the region and significant expertise of successfully bringing epithermal deposits into production." Rodnikova Deposit Geography Geology The Kamchatka peninsula is well known for its abundant hydrothermal activity and rich underground mineralisation. The licence area comprises the Rodnikova deposit (south-eastern part), Carbonate (north-eastern part) and Vilyucha (western flank) ore occurrences. The Rodnikova deposit consists of low-sulfidation quartz adularia veins in a host rock of diorite. Project History Rodnikova was discovered by Soviet geologists in 1977 when initial mapping and evaluation works were conducted, which lasted until 1992. Following a tender held in 1994, the Kamchatka Department of the Geological Committee of the Russian Ministry for Natural Resources issued a licence to TZ. In 2011 a report on Rodnikova’s Mineral Reserves & Resources was published and approved by the Kamchatka authorities. In September 2014, the Company announced that the licence had expired. Resource Statement In accordance with the Mineral Resources report, approved by the Russian State Commission for Reserves (“GKZâ€) as at 31 December 2013, Rodnikova deposit is estimated to contain 933koz of C1 & C2 reserves of gold with an average grade of 5.3g/t. ENDS
kragero
04 Apr 2019
Rodnikova expansion In reality, the repurchase of a 20 year licence they held from 1994 to 2014 that expired. Now they have another 20 year licence.
kragero
03 Apr 2019
Rodnikova expansion Great news. And a steadily increasing share price. It’s about time TSG’s value was reflected in a realistic share price.
ValueSeeker8
22 Jan 2019
RNS - Special Interim Dividend RNS Number : 6842N Trans-Siberian Gold PLC 22 January 2019 Trans-Siberian Gold plc (“TSG†or the “Companyâ€) Special Interim Dividend Trans-Siberian Gold plc (TSG.LN) is pleased to announce that the Board of Directors of the Company has declared a special interim dividend of US$0.052 per share equating to approximately US$5.7 million in aggregate. The Board’s approach to dividend payments is to maintain a balance between sustainable and attractive shareholder returns, investment in growth opportunities and balance sheet strength. The Board will consider its proposal for the final dividend for 2018 ahead of the full year results to be announced by early June 2019. Alexander Dorogov, Chief Executive Officer of TSG, commented: “2018 has been a successful year in which we achieved record gold production at the Asacha Gold Mine. Supplementing the interim dividend paid earlier in the financial year, we are pleased to announce an additional special interim dividend and to continue to provide attractive returns to shareholders. TSG will have paid out US$18.5m in dividends in a little over 2 years and is well positioned for higher levels of gold production and value creation in 2019â€.
ValueSeeker8
11 Jan 2019
RNS - Trading Update RNS Number : 8021M Trans-Siberian Gold PLC 11 January 2019 Trans-Siberian Gold plc (“TSG†or the “Companyâ€) Trading Update Trans-Siberian Gold plc (TSG.LN) provides the following trading update. Highlights: · Upper end of FY18 gold production expected to be exceeded · Improved gold grades in Q4 (Q3 2018: average gold grade of 7.8 g/t) · Electricity supply contract expected to substantially reduce power costs in 2019 · Continuing construction of underground water pumping facilities Operational performance at the Asacha Gold Mine has continued to improve in H2 2018 and as a result of improving gold grades in Q4 2018, the Company expects to slightly exceed the upper end of the full year total gold production guidance of 36,000 - 40,000 oz for 2018. As previously indicated, a production update for Q4 2018 will be provided in January 2019. The Company also reports that it has entered into a new electricity supply agreement with Kamchatskenergo which will supply power to the Asacha Gold Mine at a reduced price of RUR 4.69/kWh (US$0.07/kWh) following the implementation of incentive measures to support the development of the Far East of Russia introduced by the government. The agreement is for an initial period of 12 months. Kamchatskenergo is a subsidiary of RAO Energy Systems of the East Group which is part of the RusHydro Group (MICEX:MOEX, LSE: HYDR). Construction of the underground de-watering pumping facilities continues albeit slightly behind the original planning timetable. Completion of the permanent facilities is expected to be achieved by May 2019. Alexander Dorogov, CEO of TSG, commented: "We are pleased to announce these developments. We are making continuous improvements at the Asacha Gold Mine which are delivering real results. Power is a significant production cost and we are pleased to have secured a substantial cost saving with the support of the regional Government of Kamchatka. We are grateful for this which affirms the Far East of Russia as an attractive place for gold mining’.
ValueSeeker8
15 Oct 2018
RNS - Interim results and dividend $/£ Exchange rate = 1.319. Interim dividend = 0.6823p.
n.c.joinery
06 Oct 2018
New TSG Presentation Document Released there will be time to get back in AZZ once div payed out azz will retreat back to under 50
ValueSeeker8
05 Oct 2018
New TSG Presentation Document Released Hi @n.c.joinery, I used to hold AAZ too. Here is one of my posts from May 2014 when I bout 100K shares: We made Profit Market Discussions Just topped up 100K @ 10.999. Book cost £11010.00 Time:14:22:57 They went all the way down to 5p if my memory is correct. But I held on then sold too early at 17p missing on 4X bagger!
n.c.joinery
05 Oct 2018
New TSG Presentation Document Released Hi seeker ive a nice stake in AAZ managed to get in mid twenties cashed half in happy to let the rest ride as aaz paying div this year its been one of my favourites shares last 8 years or so ive had TSG shares 7 years ago made a little profit with them before I sold if 3Q results are on track happy to buy a few more for 4Q results shame spreads wide
ValueSeeker8
02 Oct 2018
New TSG Presentation Document Released @n.c.joinery, wish you the best of luck. It is a good idea to invest in a dividend paying little gold mining company which is cash generative and profitable like TSG with good potential for SP appreciation. The spread is quite high, but it insures against day traders, shorters and the likes who try to steal LTHs money. Gold has always been a safe haven for thousands of years and is seen as an insurance when everything goes pear-shaped.
n.c.joinery
02 Oct 2018
New TSG Presentation Document Released well took a stake today in tsg think this will steadily tick up to the end of the year not many shares available looking forward to 3rd Q results
ValueSeeker8
25 Sep 2018
RNS - Interim results and dividend TSG announced an interim dividend for H1-2018 of $0.009 to be paid on 26/10/2018. Ex-dividend 04/10/2016. This is a dividend cut of 75% compared to H1-2017 despite achieving a 640% increase in profit before tax ($3.2m vs $0.5m)! This is what they said in the interim results: ++++++++++++++++++++++++++++++++++++++++++++++++++++ Interim Dividend In line with our commitment to make attractive and sustainable dividend payouts to shareholders, I am pleased to report that the Board has declared an interim 2018 dividend of 0.009 US cents per share equal to approximately $1.0 million (H1 2017: $4.0 million). The Board reviews its dividend policy on a regular basis. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Quite disappointing but still a good yield nevertheless.
