Trans-Siberian Gold up dividend as higher output boosts revenue

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Russia-focused Trans-Siberian Gold increased its final dividend after higher production helped boost its revenue.

Pre-tax profit for the year through December fell 26% to $12.6m because the company had benefited from an inventory impairment reversal in the previous year.

Revenue rose 5.5% to $63.1m amid a 3.2% rise in production to 43,479 ounces.

Trans-Siberian Gold declared a final dividend of $0.023 per share, up from $0.009 on-year.

The company said Covid-19 was having a limited impact on operations in 2020 to date, with production uninterrupted.

It reiterated its full-year 2020 gold production guidance of 38,000-to-42,000 ounces.

At 9:27am: (LON:TSG) TransSiberian Gold PLC share price was -5p at 81.5p