Trans-Siberian Gold quarterly revenue flat as grades fall

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Mining group Trans-Siberian Gold reported flat second-quarter revenue compared to the first, after higher prices prices were offset by lower mining grades.

Revenue for the three months through June was $16.2 million, bringing first-half revenue to $33.6 million, up 12% year-on-year.

The average gold grade in the second quarter fell 13% andgold dore production fell 12%.