20 Jan 2016 07:00
Trans-Siberian Gold plc
Asacha mining and production update
LONDON: 20 January 2016 - Trans-Siberian Gold plc ("TSG" or the "Company") (TSG.L) reports that mine development at Asacha in the fourth quarter of 2015 comprised approximately 868 metres, while ore extraction (including ore from stoping and mine development) amounted to 45,467 metric tonnes. In the same period, 40,349 mt was processed through the Asacha plant, at an average gold grade of 7.39 g/t. November's lower gold grade reflected the processing of lower grade ore from the mine's upper levels and from ore stockpiles as the stopes intended to be mined in that month were inaccessible due to flooding as a result of the cyclone which hit Kamchatka at the end of October. Production from the flooded areas had resumed by the end of November.
Fourth quarter production comprised 9,030 oz. gold and 12,767 oz. silver. Total 2015 gold and silver production was, respectively, 3.5% and 9.2% higher than the 2014 results.
Mining and production at Asacha in 2015 is shown in the following table.
Q1 2015 | Q2 2015 | Q3 2015 | Oct 2015 | Nov 2015 |
Dec 2015 | Q4 2015 | total 2015 | total 2014 | |
Mine development (metres) | 1,152 | 686 | 1,231 | 298 | 163 | 407 | 868 | 3,937 | 3,576 |
Ore extracted (tonnes) | 43,598 | 44,535 | 43,955 | 14,723 | 16,413 | 14,331 | 45,467 | 177,555 | 198,387 |
Ore processed (tonnes) | 39,699 | 39,814 | 41,380 | 13,700 | 13,312 | 13,337 | 40,349 | 161,242 | 156,561 |
Average gold grade (g/t) | 7.43 | 8.17 | 7.64 | 7.61 | 6.98 | 7.56 | 7.39 | 7.65 | 7.68 |
Average silver grade (g/t) | 13.43 | 12.79 | 10.75 | 11.00 | 13.58 | 12.02 | 12.19 | 12.28 | 13.46 |
Gold recovery rate (%) | 95.19 | 95.97 | 95.19 | 95.49 | 95.07 | 95.00 | 95.20 | 95.40 | 95.06 |
Silver recovery rate (%) | 73.25 | 78.84 | 75.08 | 79.21 | 82.81 | 79.98 | 80.74 | 76.94 | 67.17 |
Gold in dore (oz) | 9,044 | 10,044 | 9,680 | 3,263 | 2,808 | 2,959 | 9,030 | 37,798 | 36,513 |
Silver in dore (oz) | 12,747 | 12,847 | 10,871 | 4,012 | 4,660 | 4,095 | 12,767 | 49,233 | 45,086 |
Gold refined (oz) | 9,508 | 8,238 | 9,548 | 3,401 | 4,265 | 3,024 | 10,690 | 37,984 | 36,089 |
Silver refined (oz) | 13,304 | 10,116 | 11,931 | 3,451 | 5,511 | 5,085 | 14,047 | 49,398 | 44,610 |
TSG intends to report Asacha's first quarter 2016 production in April 2016.
Ends
Contacts
TSG |
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Contacts
TSG |
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Simon Olsen | + 44 (0) 7770 484965 | Simon Olsen | + 44 (0) 1480 811871 + 44 (0) 7770 484965 |
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Cantor Fitzgerald Europe | +44 (0) 207 894 7000 | Cantor Fitzgerald Europe | +44 (0) 207 894 7000 |
Stewart Dickson/David Foreman/Carrie Drummond (Corporate Finance) |
| David Foreman / Stewart Dickson (Corporate Finance) |
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Jeremy Stephenson (Corporate Broking) |
| Jeremy Stephenson (Corporate Broking) |
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TSG.L (TSG)