The company has sold approximately 50.23 kg of gold ingots, equating to 1,615 ounces at $1,764 per ounce.

Trans-Siberian Gold has reported the first three shipments of gold dore from the Asacha mine to a refinery at Novosibirsk in Russia.

According to the company, the first sale comprised most of the gold in the first two of these shipments.

Trans-Siberian Gold was established in 2000 with the objective of acquiring and developing a portfolio of quality gold-mining assets in Russia.