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26 Jun 2013 07:00
Trans-Siberian Gold plc
Asacha mining and production update
LONDON: 26 June 2013 - Trans-Siberian Gold plc ("TSG" or the "Company") (TSG.L) will provide an update on mining and production at Asacha in the first five months of 2013 at the Company's Annual General Meeting today.
Mine development in April and May 2013 comprised 564 metres while ore extraction (including ore from stoping and mine development) amounted to 32,410 mt. In the same period, an average 12,120 mt per month was processed through the Asacha plant (97% of capacity). Based on the changes in mining methods previously reported, TSG expects total 2013 production of 33,800 oz gold and 62,000 oz silver.
Mining and production at Asacha in the first five months of 2013 is shown in the following table.
Q1 2013 |
April 2013 |
May 2013 | Year to date 2013 | January - May 2012 | |
Mine development (m) | 396 | 266 | 298 | 960 | 1,697 |
Ore extracted (mt)
| 45,352 | 16,289 | 16,121 | 77,762 | 53,605 |
Ore processed (mt)
| 35,585 | 10,006 | 14,235 | 59,286 | 49,446 |
Average gold grade (g/t) | 6.36 | 6.79 | 6.27 | 6.41 | 6.47 |
Average silver grade (g/t) | 9.80 | 12.20 | 10.51 | 10.37 | 13.78 |
Gold recovery rate (%) | 94.52 | 93.86 | 93.23 | 94.11 | 95.11 |
Silver recovery rate (%) | 78.81 | 68.74 | 69.21 | 74.69 | 55.41 |
Gold in dore (oz)
| 6,826 | 2,025 | 2,621 | 11,472 | 10,321 |
Silver in dore (oz)
| 8,791 | 2,412 | 3,168 | 14,371 | 12,705 |
Gold refined (oz)
| 6,833 | 1,578 | 2,748 | 11,159 | 10,199 |
Silver refined (oz)
| 8,865 | 2,106 | 3,245 | 14,216 | 11,857 |
TSG will report Asacha's full second quarter 2013 gold production in July 2013.
Ends
Contacts
TSG |
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Simon Olsen | + 44 (0) 1480 811871 + 44 (0) 7770 484965 |
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Cantor Fitzgerald Europe | +44 (0) 207 894 7000 |
David Foreman / Stewart Dickson (Corporate Finance) |
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Jeremy Stephenson (Corporate Broking) |
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