Trans-Siberian Gold PLC Interim Results - EBITDA Correction (7779Q)
02 March 2021 - 6:00PM
UK Regulatory
TIDMTSG
RNS Number : 7779Q
Trans-Siberian Gold PLC
02 March 2021
2 March 2021
Trans-Siberian Gold plc
("TSG", the "Company" or the "Group")
Interim Results - EBITDA Correction
Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold
producer in Russia, announces that the unaudited Interim Results
for the 6 months to 30 June 2020 published on 29 September 2020
(the "2020 Interim Results") incorrectly stated EBITDA as $13.3m
and Adjusted EBITDA as $15.4m.
Upon further internal review, it has been identified that due to
exceptional expenses being deducted twice, the EBITDA figures were
erroneously reported. The correct figures are EBITDA of $11.3m and
Adjusted EBITDA of $13.4m. This error is standalone and all other
details in the 2020 Interim Results remain unchanged.
Both EBITDA and Adjusted EBITDA are Non-IFRS measures commonly
used to assess the Company's performance. Definitions of EBITDA and
Adjusted EBITDA are set out in the Company's financial
statements.
ENDS
Contacts:
TSG
Stewart Dickson +44 (0) 7799 694195
Canaccord Genuity Limited
(Nominated Adviser & Joint Corporate Broker)
Henry Fitzgerald-O'Connor / James Asensio +44 (0) 20 7523 8000
Panmure Gordon (UK) Limited
(Joint Corporate Broker)
John Prior / Hugh Rich / Ailsa MacMaster +44 (0) 20 7886 2500
Hudson Sandler
(Financial Public Relations)
Charlie Jack / Katerina Parker / Elfie
Kent +44 (0) 207 796 4133
About TSG
TSG is focused on low cost, high grade mining operations and
stable gold production from its 100% owned Asacha Gold Mine in Far
East Russia. The Company also holds the licence for the development
and exploration of the Rodnikova deposit, one of the largest gold
fields in South Kamchatka.
Additional information is available from the Company's website:
www.trans-siberiangold.com
Market Abuse Regulations
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the
publication of this announcement via Regulatory Information Service
('RIS'), this inside information is now considered to be in the
public domain.
Disclaimer
This announcement contains "forward-looking statements" - that
is, statements related to future, not past, events. In this
context, forward-looking statements often address our expected
future business and financial performance, and often contain words
such as "expects," "anticipates," "intends," "plans," "believes,"
"seeks," "should" or "will." Forward-looking statements by their
nature address matters that are, to different degrees, uncertain.
For us, uncertainties arise from the behaviour of financial and
metals markets, fluctuations in interest and/or exchange rates and
metal prices; and from numerous other matters of national, regional
and global scale, including those of a political, economic,
business, competitive or regulatory nature. These uncertainties may
cause our actual future results to be materially different that
those expressed in our forward-looking statements.
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END
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