Trans-Siberian Gold PLC Q2 Production Update (1827L)

TIDMTSG

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 
                               +44 (0) 7799 
 Stewart Dickson                     694195 
 
                                +44 (0) 207 
 Cantor Fitzgerald Europe          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

END

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July 17, 2017 02:00 ET (06:00 GMT)