RNS Number : 1827L
Trans-Siberian Gold PLC
17 July 2017
 

 

 

Trans-Siberian Gold plc

 

("TSG" or the "Company")

 

Q2 Production Update

 

Trans-Siberian Gold plc (TSG.L) announces its production update at the Asacha Gold Mine for the three months to 30 June 2017 ("Q2" or the "Period").

 

Highlights:

 

·      Q2 refined gold production of 7,363oz (Q2 2016: 9,336oz)

 

·      Full year production guidance of 32,000oz - 36,000oz unchanged

 

·      No lost time injuries for the Period

 

Production Summary:

 

Mining and production data for the Period at Asacha is shown in the following table:

 


Q2-2017

Q2-2016

H1-2017

Mine development (m)

1,362

986

2,625

Ore mined (mt)

47,539

43,281

93,693

Ore processed (mt)

45,857

40,346

90,177

Average gold grade (g/t)

4.8

8.1

5.1

Average silver grade (g/t)

8.9

13.0

9.0

Gold recovery rate (%)

93.9

95.3

94.1

Silver recovery rate (%)

75.9

82.5

76.3

Gold in dore (oz)

6,651

10,109

13,897

Silver in dore (oz) 

 9,930

14,244

20,078

Gold refined (oz)

 7,363

9,336

15,007

Silver refined (oz)

 9,856

11,869

22,212

 

 

TSG intends to provide a production update for the third quarter of 2017 in October 2017.

 

 

Contacts:

 

TSG

 

Stewart Dickson

+44 (0) 7799 694195

 

 

 

Cantor Fitzgerald Europe

+44 (0) 207 894 7000

David Porter

Craig Francis       

 

 

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.

 

Abbreviations

g/t        grammes per tonne

oz         troy ounce

mt        metric tonne

m         metre

 

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.


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