RNS Number : 5412U
Trans-Siberian Gold PLC
19 January 2017
 

 

 

Trans-Siberian Gold plc

 

Asacha mining and production update

 

LONDON: 19 January 2017 - Trans-Siberian Gold plc ("TSG") (TSG.L) reports that mine development at Asacha in the fourth quarter of 2016 comprised 1,499 metres (m). Ore extraction (including ore from stoping and mine development) amounted to 48,658 tonnes (mt). In 2016, an average 13,574 mt per month was processed through the Asacha plant (8.6% above target). Processed gold grades in the fourth quarter improved significantly month on month, with an overall 20.8% increase from the third quarter. As previously reported, TSG expects that the commencement of stoping at level 100 m by mid-2017 will enable  the delivery each month of up to 12,500 tonnes of high quality stoping ore to the plant, with a consequent improvement in the average gold grade of ore delivered to the plant for processing.

 

Mining and production at Asacha in 2016 is shown in the following table.

 


 

Q1 2016

 

Q2 2016

 

Q3 2016

 

Oct 2016

 

Nov 2016

 

Dec

2016

 

Q4 2016

 

Total

2016

 

Total

2015

Mine development (m)

1,115

986

1,326

555

490

454

1,499

4,926

3,937

Ore extracted (mt)

44,067

43,281

43,252

16,669

15,503

16,486

48,658

179,258

177,555

Ore processed (mt)

40,300

40,346

41,481

13,527

13,610

13,628

40,765

162,892

161,242

Average gold grade (g/t)

7.38

8.11

6.10

6.79

7.31

8.01

7.37

7.23

7.65

Average silver grade (g/t)

10.75

12.96

11.90

14.73

13.72

17.21

15.22

12.71

12.28

Gold recovery rate (%)

94.95

95.30

95.27

95.24

95.04

95.32

95.20

95.18

95.40

Silver recovery rate (%)

77.36

82.45

81.88

84.44

83.15

84.08

83.91

81.69

76.94

Gold in dore (oz) 

9,202

10,109

7,727

2,786

3,021

3,380

9,187

36,225

37,798

Silver in dore (oz)                

10,818

14,244

12,867

5,287

5,032

6,347

16,666

54,595

49,232

Gold refined (oz)

9,343

9,337

8,330

3,100

2,614

2,642

8,356

35,366

37,984

Silver refined (oz)

11,542

11,869

13,754

5,217

4,521

4,525

14,263

51,428

49,398

 

 

TSG expects to report Asacha's first quarter 2017 gold production in April 2017.

 

 

Ends

 

Contacts

 

TSG

 

Simon Olsen

+ 44 (0) 7770 484965

 

 

 

Cantor Fitzgerald Europe

+44 (0) 207 894 7000

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

 

 

 

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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