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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Trans-siberian Gold Plc | LSE:TSG | London | Ordinary Share | GB0033756866 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 117.50 | 116.00 | 119.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMTSG
RNS Number : 0052U
Trans-Siberian Gold PLC
19 October 2017
Trans-Siberian Gold plc
("TSG" or the "Company")
Q3 Production Update
Trans-Siberian Gold plc (TSG.LN) announces its production update at the Asacha Gold Mine for the three months to 30 September 2017 ("Q3" or the "Period").
Highlights:
-- 37% increase in gold production: 10,573oz (Q3 2016: 7,727oz) -- In the first nine months of 2017, the Company produced 24,470oz of gold -- The Company is on track to meet its FY2017 production guidance of 32,000oz - 36,000oz -- 21% increase in average gold grade: 7.4g/t (Q3 2016: 6.1 g/t) -- 15% increase in ore processed: 47,504 tonnes (Q3 2016: 41,481 tonnes) -- No lost time injuries for the Period
Production Summary:
Mining and production data for the Period at Asacha is shown in the following table:
Q3-2017 Q3-2016 Y-on-Y change ------------------------------- ---------- -------------- Mine development (m) 1,499.30 1,326.10 13% Ore extracted, tonnes 48,662.90 43,251.50 13% Ore processed, tonnes 47,504 41,481 15% Grade, gold, g/t 7.4 6.1 21% Grade, silver, g/t 13.3 11.9 12% Recovery, gold, % 94.53 95.27 -1% Recovery, silver, % 78.62 81.88 -4% Gold in dore (oz) 10,573 7,727 37% Silver in dore (oz) 15,703 12,867 22% Gold refined (oz) 9,006 8,330 8% Silver refined (oz) 14,219 13,754 3% -------------------- ---------- ---------- --------------
TSG intends to provide a production update for the fourth quarter of 2017 in January 2018.
Contacts: TSG +44 (0) 7799 Stewart Dickson 694195 +44 (0) 207 Cantor Fitzgerald Europe 894 7000 David Porter
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 ounce 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
END
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(END) Dow Jones Newswires
October 19, 2017 02:00 ET (06:00 GMT)
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