Trans-Siberian Gold PLC Asacha mining and production update (9892M)
October 20 2016 - 1:00AM
UK Regulatory
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) +44 (0) 207 894 7000
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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