Trans-Siberian Gold PLC Asacha mining and production update (9892M)

TIDMTSG

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.

 
                                                                                 Year       Year 
                         Q1       Q2     July     August     Sept       Q3    to date    to date 
                       2016     2016     2016       2016     2016     2016       2016       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)        [phone] 
 
 

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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October 20, 2016 02:00 ET (06:00 GMT)