Gold miner Trans-Siberian reports higher FY profit

Russian miner Trans-Siberian Gold has lifted its pre-tax profit by 32% of $8.7-million in 2016, with operating profit increasing to $10.7-million and revenue rising slightly to $45.2-million. The revenue was achieved from the sale of 35 550 oz of refined gold and 51 741 oz of refined silver, at an average price of $1 248/oz of gold and $16oz of silver.