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Asacha mining and production update

18 Jul 2016 07:00

RNS Number : 3561E
Trans-Siberian Gold PLC
18 July 2016
 

 

 

Trans-Siberian Gold plc

 

Asacha mining and production update

 

LONDON: 18 July 2016 - Trans-Siberian Gold plc ("TSG" or the "Company") (TSG.L) reports that mine development in the second quarter of 2016 comprised 986 metres while ore extraction (including ore from stoping and mine development) amounted to 43,281 mt, including new stoping ore of 5,937 mt at an average 12.6 g/t gold in April, 8,525 mt at an average 9.2 g/t gold in May and 4,378 mt at an average 9.6 g/t gold in June. In June mine development was temporarily affected by equipment breakdown and the lower average processed gold grade reflected some planned ore extraction from a lower grade area.

 

In the first half of 2016, an average 13,441 mt per month was processed through the Asacha plant (2015: 13,252 mt per month).

 

Mining and production at Asacha in the first half of 2016 is shown in the following table.

 

 

Q1

 2016

 

April 2016

 

May 2016

 

June 2016

 

Q2

 2016

Year to date

2016

Year to date

2015

Mine development (m)

1,115

402

339

245

986

2,101

1,838

Ore extracted (mt)

44,067

15,483

15,428

12,370

43,281

87,348

88,133

Ore processed (mt)

40,300

13,240

13,006

14,100

 

40,436

80,646

79,513

Average processed gold grade (g/t)

7.38

8.53

8.56

7.30

8.11

7.74

7.80

Average processed silver grade (g/t)

10.75

11.52

14.71

12.70

12.96

11.86

13.11

Gold recovery rate (%)

94.95

95.25

94.98

95.69

95.30

95.13

95.60

Silver recovery rate (%)

77.36

81.87

83.56

81.84

82.45

80.17

75.96

Gold in dore (oz)

9,202

3,481

3,403

3,225

10,109

19,311

19,088

Silver in dore (oz)

10,818

4,224

5,056

4,964

14,244

25,062

25,594

Gold refined (oz)

9,343

3,256

2,838

3,243

9,337

18,680

17,746

Silver refined (oz)

11,542

3,695

3,208

4,966

11,869

23,411

23,420

 

 

 

TSG will report Asacha's third quarter 2016 gold production in October 2016.

 

 

Ends

 

Contacts

 

TSG

 

Simon Olsen

+ 44 (0) 7770 484965

 

 

 

Cantor Fitzgerald Europe

+44 (0) 207 894 7000

Stewart Dickson/David Foreman (Corporate Finance)

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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