RNS Number : 9892M
Trans-Siberian Gold PLC
20 October 2016
 

 

 

Trans-Siberian Gold plc

 

Asacha mining and production update

 

LONDON: 20 October 2016 - Trans-Siberian Gold plc ("TSG") (TSG.L) reports that mine development at Asacha in the third quarter of 2016 comprised 3,427 metres (m). Ore extraction (including ore from stoping and mine development) amounted to 130,600 tonnes (mt). In the first nine months of 2016, an average 13,570 mt per month was processed through the Asacha plant. The impact on gold production of planned mining in lower grade stopes in the third quarter was partially offset by increasing plant throughput (10.6% above target). Average gold grades in the blocks to be mined in the fourth quarter of 2016 are expected to be higher than those mined in the third quarter.

 

Mining and production at Asacha in the first nine months of 2016 is shown in the following table.

 


 

Q1 2016

 

Q2 2016

 

July 2016

 

August 2016

 

Sept 2016

 

Q3 2016

Year to date

2016

Year to date 2015

Mine development (m)

1,115

986

410

430

486

1,326

3,427

3,069

Ore extracted (mt)

44,067

43,281

14,200

13,751

15,301

43,252

130,600

132,088

Ore processed (mt)

40,300

40,346

14,137

13,830

13,514

41,481

122,127

120,893

Average gold grade (g/t)

7.38

8.11

5.64

6.04

6.64

6.10

7.19

7.74

Average silver grade (g/t)

10.75

12.96

11.20

12.95

11.55

11.90

11.87

12.30

Gold recovery rate (%)

94.95

95.30

95.23

95.24

95.33

95.27

95.17

95.46

Silver recovery rate (%)

77.36

82.45

81.63

83.44

80.19

81.88

80.74

75.69

Gold in dore (oz) 

9,202

10,109

2,448

2,630

2,649

7,727

27,038

28,768

Silver in dore (oz)                

10,818

14,244

4,201

4,927

3,739

12,867

37,929

36,465

Gold refined (oz)

9,343

9,337

2,418

1,569

4,343

8,330

27,010

27,294

Silver refined (oz)

11,542

11,869

3,993

2,700

7,061

13,754

37,165

35,351

 

 

TSG expects to report Asacha's fourth quarter 2016 gold production in January 2017.

 

 

Ends

 

Contacts

 

TSG

 

Simon Olsen

+ 44 (0) 7770 484965

 

 

Cantor Fitzgerald Europe

 

David Porter/Craig Francis/David Foreman (Corporate Finance)

+44 (0) 207 894 7000

 

 

 

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.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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